Oireachtas Joint and Select Committees

Thursday, 28 September 2023

Public Accounts Committee

NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General

9:30 am

Mr. Brendan McDonagh:

It was sold to a company in UK. I do not have the particular name with me at present. It was openly marketed, and because the debtors resisted the sale, we had to go to the court in the UK to appoint an administrator through the courts in the UK. The administrator is effectively the same as the receiver and he appointed sales agents to openly market it, so it was fully openly marketed.

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