Oireachtas Joint and Select Committees

Thursday, 29 September 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle

9:00 am

Mr. Seamus McCarthy:

Yes. In regard to the statement of assurance, there is a significant quote from it in the report. The assurance in my view is not an absolute assurance, that the price that NAMA had got from this competition is the best price, reasonably available in the market. It is an assurance that the better of the prices from the competition that Lazard ran, is the Cerberus Capital Management one and that the process that was undertaken for the sale was appropriate, given NAMA'S objectives and the information that was available to Lazard at that time.

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