Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

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

11:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

Let me, for the record, put what I have. The Minister referred accurately to the note by the principal private secretary to the then First Minister, Mr. Jeremy Gardner, on 27 September 2013. It states that the Minister, Deputy Noonan, explained that despite its commercial mandate NAMA had a range of social obligations, that, however, Deputy Noonan pointed out that NAMA could not impose conditions on a buyer following the sale, that Deputy Noonan indicated that while there could be no exclusivity clause, there was, in his view, only one potential buyer, and that Deputy Noonan undertook to discuss the situation with the CEO of NAMA and was confident that both administrations would work together with the potential buyer to overcome any difficulties. Is the Minister saying that is incorrect?

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