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. John Mulcahy:

Sometimes people will come to one. In fairness, there is a lot of a discussion around how many bidders are needed. One only needs one bidder really but one needs bidders who can actually pony up €1.3 billion. One could get people coming along - intermediaries and others - who would purport to bid but then would seek to raise the funds in the market. However, if they could not raise the funds, they would not be able to complete the deal. I do not know if that is what-----

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