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
Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source
It is obvious that Cerberus is quite careful with money, particularly in light of the £2.8 million in dispute, which the Comptroller and Auditor General has identified as approximately 20% of the £15 million paid to Brown Rudnick when Cerberus already had other advisers. That is evident and I presume Mr. Neporent would accept this. It is almost a rhetorical question. I will move to the question I want to ask.
Cerberus knew the reserve price was £1.3 billion. It would have been in the interests of Cerberus to know if there were other bidders and how many there were. Would Cerberus try to find out such things while it was in a bidding process?
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