Oireachtas Joint and Select Committees
Wednesday, 22 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Michael O'Flynn:
Just to explain ... sorry, just to explain, Deputy: in the settlement of our dispute, and I have to be very careful here, I am ... we are taking away a certain amount of assets and Blackstone are taking away the rest. The lion's share are going to Blackstone and the debt follows both. Okay? So I am finalising a structure with Blackstone, which takes away development assets for both Ireland and the UK.
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