Written answers

Tuesday, 12 June 2012

Department of Finance

National Asset Management Agency

8:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 208: To ask the Minister for Finance if he will confirm the identity of the new shareholder in the National Assets Management Agency special purpose vehicle. [27938/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it is expected that the private investors will purchase the Irish Life shareholding in the NAMA SPV through a nominee account structure. The detail of this deal, which ILP expect to complete shortly is commercially sensitive. It would not be appropriate, therefore for me to comment any further on it until such time as the deal is completed.

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