What REO is looking for from NAMA
Key assumptions made in the group's business plan include:
- NAMA to renew bank loans amounting to £780m (€890m) on "broadly similar terms" as before.
- An agreement by NAMA to defer interest payments.
- NAMA will provide working capital facilities.
- Certain fees paid by REO to Treasury Holdings will be capped.
- REO's interest in Battersea Power Station will be restructured and new investors will be brought in.