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Wed 07 Jul 2010Glass Bottle site loans transferred to Nama
THE BANK loans associated with the disastrous €411 million acquisition of the Irish Glass Bottle site in Ringsend, Dublin, in 2006 by a consortium including the Dublin Docklands Development Association have been moved to the National Asset Management Agency (Nama).
The agency has now asked the consortium, Becbay, to submit a business plan before the end of this month. However, the shareholders in the consortium are not co-operating with each other in relation to Becbay’s dealings with the agency.
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