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:

I do indeed Chairman. My response would be to a point the Chairman made a moment ago. It is highly unlikely that Cerberus learnt anything at that meeting which influenced the level of its bid. It is my understanding that the meeting was rather designed to impress on NAMA Cerberus's seriousness of intent and commitment to the transaction. I do not believe it was about the price, it was about trying to present Cerberus as a reliable counter party for NAMA.

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