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

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

You said you were going to pursue it. It is recorded in the board minutes before you received the cheque from Cerberus that you would go after it for £35 million. My point is that it brings the net amount you received from Cerberus, when you get this £35 million back, possibly at or below your minimum price. Give us the figure, because it is very relevant. Fortress Investment Group has made it clear that if the minimum price was not achieved, it would be back in the field. We just want confirmation. I will not delay the meeting as this is something the CEO can send to us.

I want confirmation about the timing of the £35 million. I am referring to the three pages that recorded the board meeting. Does Mr. Soffe understand what I am asking for?

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