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 would say that all of these are specific factors and the commercial principle which I have just outlined is the overarching factor. It is the thread that ties all of these factors together. If a firm was only interested in part of the portfolio then it is clear that such a firm would not have the capacity to buy the entire portfolio let alone to pay a price in excess of the price that was eventually achieved.