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:
There was competitive tension. One can have an auction with two people, perfectly happily. One party would not have known that the other was going to pull out. I suggest that if Cerberus had thought it was the only bidder, it would not have bid above the reserve price by as much as it did.
No comments