Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Mr. Seamus McCarthy:

From an evolutionary point of view, this process moved through various stages. When one gets the Lazard document, one will see that the approaches to the purchasers were in tranches. In the case of the first tranche of three that were approached, the second tranche was composed of replacements or substitutes in case the first tranche did not take up the offer. We looked at all of that. The information is in the report to be drawn out. I know it is painstaking.