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. Alan Stewart:
Each bidder negotiates very small changes to them and some of them are accepted and some are not. So there are some very slight changes. The one difference was, given that the board had picked up on the sensitivities around the process, there was a part put in about external advisers and an obligation to notify NAMA of who was being used as an external adviser and put a back-to-back NDA in place with those. That was not in the PIMCO one. Instead, the PIMCO one required all of its professional advisers to be under the same confidentiality obligations as it was.
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