Everything stops for T.
THE NATIONAL Asset Management Agency is believed to have lined up a receiver to take control of assets at Treasury Holdings today if an agreement is not reached on the repayment of the developer’s loans by this afternoon.
Nama has set a 4pm deadline today for Treasury to repay its near €900 million loans to the state agency.
It is understood that accounting firm Ernst Young has been lined up by Nama to take charge of the assets involved if no arrangement has been reached with Treasury by the deadline.
Ernst Young was last month appointed by Lloyds Bank in the UK and Nama as administrator to Battersea Power Station in London, one of Treasury’s most prized assets.
Battersea will shortly be put up for sale.
Nama lines up receiver to control assets of Treasury (Irish Times)
