Oireachtas Joint and Select Committees

Thursday, 22 June 2017

Public Accounts Committee

University College Cork and University of Limerick: Financial Statements

9:00 am

Mr. Diarmuid Collins:

It is clear in our documentation and even in the letter we sent to the committee on 13 April after our session. It is repeated again in Appendix 3. It is clear that we paid the €20 million to buy the campus. The IMI in turn used that to discharge the borrowings it had with AIB and with the pension trustees.

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