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)

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10:00 am

Mr. Oliver Ellingham:

Cerberus knew exactly what the reserve price was because we had said that unless it bid at least £1.3 billion, we would not sell the assets. That was made clear from the very beginning.

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