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

Mr. Patrick Long:

There are a host of reasons, but one of the important ones is that NAMA had received an approach from PIMCO at a level which it viewed as attractive. My sense is that prior to that approach it probably did not expect to be able to sell this portfolio in its entirety. It had an offer which it viewed as attractive but, at the same time, it wished to run a sale process to see whether that offer could be exceeded. That is one of the-----

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