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Mon 08 Aug 2009Bovale Ltd seeks support from Anglo
A BRITISH company controlled by developers Tom and Michael Bailey, who made a €22.17 million tax settlement in 2006, has engaged in “ongoing discussions” with nationalised Anglo Irish Bank to secure support for its £100 million (€115.7 million) property business, which is under pressure due to market weakness.
New official filings in Britain for Bovale Ltd – based in Shrewsbury, Shropshire – strongly suggest the bank has agreed to support the company into the foreseeable future.
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