Oireachtas Joint and Select Committees
Thursday, 11 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Property Loans (Project Glas) By Permanent TSB: Discussion
11:30 am
Mr. Shane O'Sullivan:
When an agreement is signed, that is the intention. There are two phases to it. There is the economic phase. Once the agreement was reached at the end of July, the economic benefit was for the new owner. Then there is a period up to the end of November, as Mr. Crowley said, in which the legal transfer happens, including the due diligence and the final reconciliation.
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