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:

We produced a long list of bidders which was contained in our presentation dated 22 January 2014 and Fortress was on that list. We then selected seven bidders and put them into tier one and tier two, and we identified those bidders based on NAMA's criteria in terms of appetite, expertise, resources and so on. When Fortress eventually made an approach, we admitted it to the process.