Oireachtas Joint and Select Committees
Tuesday, 18 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Seán Fleming (Laois, Fianna Fail)
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Fine, but where was the competition? NAMA had one bid on the table which was above the minimum price. I do not see where there was competitive tension when there was only one bidder that had met NAMA's minimum price. I would accept it if there were two or three bidders, but, in reality, the bid made by Fortress had been discounted as not being a real bid because it had not reach the minimum price. There was only one bidder in the field.