Dáil Éireann Debate, Wednesday - 8 February 2023
110. Deputy Eoin Ó Broin asked 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]
View answerI 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.
