Oireachtas Joint and Select Committees

Thursday, 17 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Mr. Mark Neporent:

That is something between us and Brown Rudnick but the fact of the matter is that I had a contractual agreement to pay them. We made a commercial decision in the context of a £1.241 billion transaction to engage them for this fee. The fee was 1.1%, as I said, and we felt that this was a commercial risk that we were willing to take under circumstances that were-----

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