Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Public Accounts Committee

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

10:00 am

Mr. Oliver Ellingham:

I think if we were to rephrase that, we were happy that the assurance we had from Lazard for a commercial transaction was adequate. As a board we were faced with selling some assets and I am sure any party would be able to find reasons why an adviser needed to be given lots more information to give us an opinion. All we were asking for was an opinion from Lazard as to whether we were selling in a competitive process and getting a fair price.

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