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

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

In light of the fact that we want to follow up information, we wrote to Fortress recently because it was the only bidder left standing with Cerberus. We have written to Fortress asking a couple of issues, namely, how Fortress became aware of sale of Project Eagle, how Fortress became involved in the process, the basis on which Fortress made its bid, its rationale for making a bid before the known reserve price, and any other matter that might be of interest to the committee on the sale of Project Eagle. We have written to Fortress on that basis and we have suggested that we may issue an invitation.

I was not in a position to do so without the committee's go-ahead. I know we are making a bit of work but we will have to condense the information.