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. I think that when some of the potential bidders were approached and they looked at the process, their response to what they were being asked to do was that they did not want to get involved with it. In what we have seen, there was no specific reference to the quality or nature of these assets. It is not something we want to get involved in. There was a comment about Northern Ireland, that if they were not able to access valuers in Northern Ireland then they would have a difficulty in pricing a bid. That was one of the conditions.

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