Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Frank Daly:

The circumstances are not similar at all. In Arrow - again one is back to an initial list of quite a number of interested people - one got down to two, three or four which were very interested in round two - all of them in the data room, very actively, and putting their own pricing on the portfolio. I am going on reported stuff that in recent times, one of them, Goldman Sachs, would have pulled out, but there are two still in there. Contrary to some incorrect reporting, there is no preferred bidder in relation to Arrow. It is still in a competitive process and will be until some time in the next month or so when we get bids from whoever is left.

Comments

No comments

Log in or join to post a public comment.