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 understand the questions. By the time that PIMCO withdrew, Cerberus and Fortress were exhibiting a very high degree of commitment to the transaction. At the time that PIMCO withdrew, we were still confident of being able to sell the portfolio, albeit to someone else. There was not panic.

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