Oireachtas Joint and Select Committees

Tuesday, 25 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. John Collison:

Again, based on the information that they were provided with, we had the information there. They were not provided with any kind of values. All of the information that was provided was on the real estate. There was no debtor information provided. The values themselves were redacted. We were not providing them with anything but information on the actual assets themselves. We felt that if that then materialised in, potentially, an offer that was of more substance, we possibly had something we could work with and that we could bring it to our board. If the board was willing, we could then progress and open up a process. At that point, a loan sale adviser would certainly have been brought on board.

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