Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
3:30 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
I wish to follow up on some of the questions Deputies have asked about it not being a binding agreement. Earlier, Mr. Wallace stated that it was his professional view that if it was a binding agreement it would lower the sale price. If bidders would lower their sales price if it was a binding agreement then they are de factonot serious about the voluntary agreement because they are lowering their sales price only because they will be forced to comply with this so-called non-existent voluntary agreement.
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