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:

The criteria were the same. Fortress and Goldman Sachs met NAMA's criteria and others did not. We were exercising our professional judgment as to which parties would have been additive to the process and which parties would not have been. As I said earlier, having many extra participants who could not have got to the price or who did not have a real interest in acquiring the entire portfolio would not have been helpful.