Catherine Connolly (Galway West, Independent)
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We will not read it all. On 26 February 2014, NAMA e-mailed Lazard to inform Lazard that it had received two further inquiries. Lazard responded to NAMA the same day, saying:

We know both of these firms well and hold them in high regard. However, our advice would be not to include them in the process on the grounds that we already have sufficient competition [nothing to do with criteria, money or ability to buy] and including them would undermine our assertion to the existing participants that the process is restricted to a "handful" of parties.

There is no mention of criteria.