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:
It is not uncommon for buyers to approach owners of businesses to try to tease out a sale. They will go on whatever information they have got, whether it is accurate or not, and they may have been hopelessly out in their expectations. In the end, we agreed a basis that we would provide data on - I think it was the leading 55 loan accounts - once we had an approach of interest from PIMCO. So, it is not at all uncommon in the world for people to try to tease interest to sell from owners.
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