Written answers

Wednesday, 8 February 2023

Department of Transport, Tourism and Sport

National Asset Management Agency

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein)
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110. To ask the Minister for Finance the nature of NAMA's 20% interest in the Poolbeg SDZ development; and if he will describe the nature of the interest, that is, equity, equity with development cost liabilities, or other. [5954/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I am advised by NAMA that the Agency holds a 20% equity interest in the development site at Poolbeg West SDZ. Under the terms of the shareholder agreement, which NAMA entered in 2021, all shareholders in accordance with an agreed Business Plan can be requested to meet their respective capital commitments prorated to their equity interest. Otherwise, the specific terms of the shareholder agreement, and the value of such commitments, are commercially sensitive.

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