Oireachtas Joint and Select Committees

Thursday, 26 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Michael Doorly:

I was finance director of Independent Newspapers (Ireland) Limited at the time, which is the Irish subsidiary of Independent News & Media. That acquisition was made by our UK sister company. It was a business in Northern Ireland. I would have been aware of the scale of the purchase. It would have been between €5 million and €10 million.

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