Oireachtas Joint and Select Committees

Tuesday, 22 November 2016

Public Accounts Committee

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

10:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

That is important. Why did Lazard never invite Fortress into the process? Fortress had to force its way in, through the Taoiseach's office and through NAMA head office. How did Lazard discount it, given that it was there at the very last minute? I would have said, in terms of asking Lazard a question, there are lots of issues but there was a real bidder out there which had to force its way in at the last minute only because of a breach of media leak. From what we have seen today, Lazard would not have brought it to the table had Lazard been left to its own devices. Why did Lazard exclude Fortress?

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