Oireachtas Joint and Select Committees
Thursday, 24 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
Mr. John Collison:
No, it was not to do with the value. We were not casting any aspersion on Cerberus, its bona fides or its ability to acquire this portfolio. The rationale behind it was that we had more - I suppose - interaction and visibility with Oaktree. We knew that it had looked at, and possibly even bid on, NAMA portfolios in the recent past. It was a negotiation and a discussion.
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