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
Will it help if I read the paragraph from Fortress's letter? This is important. We asked specifically how Fortress became involved in the sales process.
It responded:
After learning of the Project Eagle sale process through press reports (described above), on February 13, 2014, Michael George of Fortress reached out to Andrew McDowell, Economic Advisor to the Prime Minister, and Brendan McDonagh, Chief Executive Officer of NAMA, to express interest in participating in the sale process. Mr. McDowell put Mr. George in touch with Ronnie Hanna, head of Credit at NAMA, and John Collison, Head of Residential Delivery at NAMA, who informed Mr. George that Fortress would be invited to bid, and that NAMA had engaged Lazard to oversee the bidding process. On February 14, 2014, a Fortress representative spoke with Lazard regarding the bidding process.
I am just saying that according to the letter, the leak resulted in Fortress asking to be let in, on the basis that it was a big outfit with an interest in Belfast and Northern Ireland, and getting in contact with to the Taoiseach's office. That is the letter we read into the record.
No comments