Archive
Statement: Sale of Irish Life completed
permanent tsb Group Holdings plc [the Group] has today completed the sale of the Irish Life Group to the Minister for Finance for the previously disclosed amount of €1.3 billion. The successful conclusion of this sale process completes the recapitalisation of the bank as directed by the Central Bank of [...]
Statement: Irish mgt team acquires business and assets of regional newspaper group for €5.5m
Celtic Media Group is the publisher of titles including the Anglo-Celt, Meath Chronicle, Westmeath Examiner and Westmeath Independent. The transaction will secure the future of the group’s newspapers and its printing and publishing businesses, which employ 125 people. The management team, headed by chief executive Frank Mulrennan and finance director Frank [...]
Statement: NAMA redeems €2 billion of NAMA bonds
The National Asset Management Agency (NAMA) has announced that it has redeemed a further €2 billion of NAMA bonds (Senior Securities) today. This is the fourth repayment of bonds to date and brings the total of NAMA bonds redeemed to €3.25 billion (€1.25 billion redeemed in 2011). In addition [...]
Statement by NAMA: English Court of Appeal judgement
The English Court of Appeal today gave judgment in NAMA’s favour in relation to the high-profile claim brought against it by Irish entrepreneur Patrick McKillen. The claim forms part of Mr McKillen’s ongoing case in the English Courts against a number of parties, including NAMA, Sir David and Sir [...]
Statement by permanent tsb bank
The Chief Executive of permanent tsb bank, Jeremy Masding, together with Chief Executives from the other major banks, attended a meeting of the Government’s Economic Management Council [EMC] last [Tues] night at the request of the Government. The meeting was called to discuss the position on mortgage arrears and new [...]
Statement: Good news for Irish tech and innovation sector as NPRF and Silicon Valley Bank announce collaboration
Silicon Valley Bank, financial partner to the technology, life science, cleantech, private equity and venture capital industries, today announced a collaborative relationship with the Irish government’s National Pensions Reserve Fund aimed at supporting the technology innovation sector in Ireland. To establish this partnership, Silicon Valley Bank is collaborating with the [...]
Statement: Appointments to NAMA NI Advisory Committee
Following consultation with Mr Michael Noonan TD, Minister for Finance, and Mr Sammy Wilson MLA, Minister for Finance and Personnel, NAMA has reappointed Mr Frank Cushnahan and Mr Brian Rowntree to its Northern Ireland Advisory Committee (NIAC) for a further period of two years to 15 April 2014. Mr Cushnahan [...]
Statement: NPRF welcomes first investment by Irish Infrastructure Fund
The investment is in the form of its acquisition of a majority stake in a portfolio of wind farms from Viridian Group. Speaking today, NPRF Commission Chairman Mr. Paul Carty said: “This is an important first investment by the IIF, establishing it as a major new investor in Irish infrastructure and [...]
Statement: Irish Infrastructure Fund completes first investment
The Fund – set up by Irish Life Investment Managers and managed by international infrastructure fund managers AMP Capital – has acquired a controlling stake in a portfolio of wind farms in the Republic of Ireland and Northern Ireland from Viridian Group. This is the first investment by the fund [...]
Statement: Galway has toppled Kerry as the favourite holiday destination for Irish holidaymakers according to a new survey by MyHome.ie.
Twenty eight per cent of respondents voted for Galway with Kerry left trailing in its wake on 23%. The result marks a startling reversal for the ‘Kingdom’ which last year recorded 24% of the vote and enjoyed a comfortable lead over Galway on 17%. Cork maintained its third position [...]
