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:
Except in so far as a bidder, an institution or an investor might set a high value on the portfolio but that is only available to the extent that they are capable of buying it. It is all very well for an investor to say that they would value the portfolio in excess of the price Cerberus paid. Unless they are actually capable of paying that price, then it does not get one anywhere.
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