Gerry Gannon, the largest developer remaining in the National Asset Management Agency (Nama), is exiting the state property agency, with his loans being acquired by the businessman Maurice Regan. Gannon entered Nama as one of the top ten borrowers in the State when the agency was established at the height of the crash. The developer has repaid hundreds of millions of euro over the past 14 years. Gannon’s loans are being acquired at a discount to par but the deal will yield a profit to Nama which acquired his loans from AIB, Anglo Irish Bank and Bank of Ireland at…
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