Oireachtas Joint and Select Committees
Thursday, 14 December 2017
Public Accounts Committee
2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation
9:00 am
Mr. Des Carville:
The Goldilocks zone. That is what we call it. To give the example of another privatisation in the UK, the share price popped 38% in the first day and was followed by several parliamentary investigations. If the share price goes below what we call break issue - that would be below the €4.40 price - that would also be a disaster because we would have sold too high and we would still have 71%.
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