Oireachtas Joint and Select Committees

Tuesday, 22 November 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

Mr. Patrick Long:

I do not see that. When PIMCO withdrew, part of the motivation for Cerberus to pay or offer the highest price it was willing to pay was the competitive threat posed by Fortress and vice versa. It has nothing to do with PIMCO.