Dáil Éireann Debate, Tuesday - 17 June 2014
159. Deputy Pearse Doherty asked the Minister for Finance to detail the dates on which the sale of each commercial loan book at Irish Bank Resolution Corporation was agreed; and the dates on which the companies to which each loan book was sold were set up. [25508/14]
View answerI have been advised by the Special Liquidators that as disclosed in the Process Update dated 6 June 2014, contracts in relation to the sale of commercial loans in Projects Rock, Salt and Stone were entered into in February and March 2014. The account holders whose loan facilities were sold have all been written to individually with details of the date of legal transfer and the name of the acquiring entity. The Special Liquidators have also advised that the establishment date of the acquiring entities is a matter of public record and while some of the acquiring entities were recently established they are funded by longer established investment funds.
