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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
We know that, but you started with just two. If you had got two good ones who stayed in the field, you would not have had to go to further phases.
I want to bring you on to paragraph 4.12, which states:
In parallel with this, it was agreed that PIMCO would be permitted to complete their due diligence on the 'tail' of the portfolio, and finalise their bid, ... .
Was PIMCO in a parallel process to the other bidders, that is, that PIMCO were in and it was to complete their bid, or was it subject to the same dealings with Lazard as the other bidders?
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