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 Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

My statement that I never advocated an exclusive bidder has been challenged by the Deputy. I refer to the minute of the meeting taken on my side. It states the Minister confirmed that NAMA would be a willing seller of its Northern Ireland assets at an appropriate price having undertaken an appropriate sales process. The Minister explained that NAMA avoids bilateral sales processes as not being conducive to achieving best value, which is one of NAMA's primary objectives. That minute corresponds with my full memory of the meeting in Stormont with then First Minister Robinson.

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