Pearse Doherty
Question:127. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 283 of 18 September 2012, if he will confirm the cost of the acquisition of Irish Nationwide by IBRC. [40581/12]
View answerTuesday, 25 September 2012
Questions (127)
Written answers
I have been advised that on the 1st July 2011, under the INBS Transfer Order, all of the assets and liabilities of INBS, with certain exceptions, transferred to IBRC. On that date the Group’s net assets increased by €638m. No cash consideration changed hands. However the net assets of INBS included cash and cash equivalents of €128m.