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Tue 08 Aug 2010Some McKillen loans excluded from second Anglo Nama transfer
THE SECOND tranche of assets purchased by the National Asset Management Agency (Nama) from Anglo Irish Bank does not include some of the bank’s loans to developer Paddy McKillen who is challenging the agency in the courts.
Mr McKillen has loans totalling €800 million with Anglo, which were earmarked for transfer in the second tranche. It’s understood that the transfer of most of his loans to Nama are on hold, pending the outcome of his judicial review against their sale.
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