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 Corrigan:

Yes. If a bid was subject to syndication, clearly it would not be an unconditional bid. The nightmare occurs, as Mr. Mulcahy has said, when one goes through a whole process and we cannot close the transaction because the bid is conditional on syndication.

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