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Treasury Holdings is to appeal Supreme Court decision allowing NAMA call in receivers

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Treasury Holdings is to appeal today's Supreme Court decision allowing NAMA to call in loans of up to 1 billion euro and to appoint receivers.

In a statement the development company says that there are investors out there willing to offer a far superior return for the taxpayer than that offered by receivership.

It also says it  understands that a new potential bidder has contacted NAMA with a view of preparing a bid for Treasury's loan portfolio, and it now believes a third party negotiator should be appointed to secure the best possible bid. 

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