Bad deal for taxpayers

NAMA’s chairman said that the agency recovered all of its costs on the sale of the Montevetro building to Google for €99.9m.

Bad deal for taxpayers
Mon, 28 Feb, 2011 - 00:00
Letters

But hold the celebration and the bonuses. If the transaction incurred the typical Nama haircut of 40%, then the original loan was €167m, and the taxpayer has lost €67m on the deal.

Greg Butler

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