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 Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

These were firms that were capable. These four firms would have had the capacity because they have demonstrated capacity. Why not contact as many as possible that had the capacity? Why do one group and then go to the next group to see what was the interest? There was a difficulty anyway with the process in that it was going to be a single process rather a two-stage process that would be open and in which there would be interest from all comers that would then be narrowed down, which would be normal and, perhaps, best practice. Would that be the kind of practice that Lazard would advise in the normal course of events, that is, that it would be a two-stage process? That is normally what happens, and it appears to be best practice.

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