House builder McInerney Holdings says talks with an investor on a 'substantial' injection of new capital into the company are at an advanced stage.
In a response to weekend press reports, the company also said its Irish loans had not yet transferred to the National Asset Management Agency.
A statement said the negotiations with what it called 'a leading international equity partner' had been going on since April of this year, with the investor going through McInerney's books over the past two months.
McInerney also said it was in 'advanced and constructive' discussions with its UK lenders about a proposed restructuring plan.
McInerney said its loans had not yet gone to NAMA, nor had it had it had any formal talks with the agency. It added that its Irish lenders were still reviewing the group's restructuring proposals.
