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:

Deputy, we were upfront with them from the very start. We told them that an off-market transaction was hugely problematic and very unlikely to take place. We were certainly managing their expectations that we would transact on an open market basis. They, I suppose, were certainly hopeful during that process, during that period, that we might change our views. I do not think at any stage one could say that we led them to believe that there might be an off-market offer.

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