Oireachtas Joint and Select Committees

Thursday, 12 February 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013

10:00 am

Mr. Niall O'Donnellan:

On net book value, that was the best price in four years. The professional advice we got was that was the best deal we could have got. In fact, the price had gone up a bit before we sold, after the advice we got. It was the best price in four years. If we had held on for another seven months we would have got a further uplift. However, at the time that was not anticipated. The main reason for that uplift was from the Dalata sale or IPO. In the professional advice we got at the time certainly that was not anticipated.