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:

I would like to make another point. Oaktree was intensively involved in this process. It withdrew later on, at some point in March. If Fortress was not in the process, it might have distilled down to one bidder, as the Chairman has suggested. However, there is a possibility that if Oaktree was still there, it would actually have reached the finishing line. There would have been just one other potential competitor for Oaktree at that point. My point is that we cannot say for certain.

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