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
Noel Rock (Dublin North West, Fine Gael) | Oireachtas source
In a previous appearance before the Committee of Public Accounts, Mr. McDonagh stated, "When we appointed Lazard, then Lazard approached the nine biggest funds in the world - the guys who would have fire power and capital to be able to buy a portfolio like this" and then he listed the nine firms, including Fortress, that he stated had been approached, but it obviously seems, based on the discussion of the e-mail to both the Department of the Taoiseach and Mr. McDonagh, that it was not the case that Fortress was approached. They, in fact, had to approach Mr. McDonagh. Does Mr. McDonagh accept that this quote is now inaccurate?
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