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Thu 06 Jun 2010High-profile developers seeking capital from Nama
TAXPAYERS MAY have to provide money to a company backed by high-profile developers John Ronan and Richard Barrett through the State’s toxic loans agency Nama.
Property investment firm Real Estate Opportunities (REO), whose biggest shareholder is the Mr Ronan and Mr Barrett-controlled Treasury Holdings, said yesterday it owes Nama €997 million after the agency took over loans given to the company by AIB, Anglo Irish, Bank of Ireland and Irish Nationwide.
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