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. Frank Daly:

I do not think we have ever been anything other than upfront about the approach we took to this sale. The focused time-bound approach was, as I said in my opening statement, one driven by sensitivities because of the portfolio and North-South relations. It was a focused time-bound approach with the right players - the right people with an interest in and a capacity to acquire it. That seemed to us to go a very considerable way towards having a competitive sales process. The two-stage process the Deputy has mentioned - I am being very brief; I could go on-----

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