Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

The witnesses have said NAMA engaged Lazard to find bidders. Mr. Patrick Long was before the committee the other day. Prompted by some of the questions asked, I want to clarify a few things. At the time the portfolio was being sold, there were four firms that had acted on nearly 90% of the assets that had a par value of over £1 billion. None of these firms was on the first list of firms approached. In fact, Cerberus was on the second list. Mr. Long told us that Lazard had decided to go about it in a sequential way. There seems to have been a lot of engagement with NAMA on how it should approach it. Will Mr. McDonagh comment on this?