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:
Lazard is an international global advisory firm which interacts regularly with all of these firms. Obviously, we took its advice on who would be the right counter-parties for the transaction. I would go a step further and say that, by the time the process broke in the media, the board gave Lazard the flexibility to go wider and ensure no counter-party - no credible potential bidder - would be excluded from the process. This was detailed in one set of board minutes on 13 or 14 February. Lazard was given that flexibility.
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