Catherine Connolly (Galway West, Independent) | Oireachtas source

Eight were refused. When Mr. Collison makes a statement that if they had underbid, there would, potentially, have been a lot more bidders, it must be remembered that there were a lot more bidders. In the process NAMA had set up it was stated they were not being taken in. Different reasons were given and set out in the report. One was that a commitment had been given to the existing bidders that there would be a restricted process. A second was that Lazard stated seven out of eight had excellent reputations but that they could not be taken in.