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:
Sure. One would like to know what the competition was and what they were doing. Often, though, that information is not available and can only be speculated on. In a transaction of this size there are only a handful of logical bidders, of which PIMCO is not really one. PIMCO is not really recognised as a player in this market, something which was recognised in the report of the Comptroller and Auditor General. It has only a small percentage of the market and there are only a handful of players that one would expect to see.
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