Friday 26 May 2017

Kavanagh firm losses hit €19.4m

Losses at Crekav Landbank Investments - a Greg Kavanagh (left) vehicle backed by Prudential Assurance - hit €19.4m last year, newly-filed accounts for the firm show. The amount owed to creditors totalled €210.6m at the end of the year, which included €196.6m in loan notes, and €13.5m in accrued interest.

Irish Independent

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