Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Frank Daly:

----- concentration in Northern Ireland and regional UK. It was, and we have described it as, a mediocre portfolio. They decided to withdraw in a competitive process. Right at the end we still had two bidders. Right at the end, too, we were advised by an independent merchant bank-----