Mr. Brendan McDonagh:

My response to the Deputy's question is that Lazard advised us to approach particular people first to see if they were interested. It was an iterative process. By 13 February, Fortis and Cerberus both had been contacted about coming into the process. As I said, there is a league table. We take Lazard's advice in terms of who should be approached. We were not going to second-guess that. It approached some of the big players, some of whom expressed an interest and others did not and it then progressed down through the list.