Oireachtas Joint and Select Committees
Wednesday, 22 October 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functions: National Asset Management Agency
4:30 pm
Mr. Brendan McDonagh:
We did everything to facilitate that transaction. We were as surprised as everybody else by the actions on that Saturday morning but we worked assiduously with the management team. It has been acknowledged by the management team that we got them through the examinership process in that we provided funding and supported them in getting them through the examinership process. We would have much preferred to have it done on the Friday night but the funding was not in place from their funding bank. That is a fact.