Oireachtas Joint and Select Committees

Thursday, 24 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Mr. Brendan McDonagh:

It was well documented previously to the committee that we appointed Lazard to find bidders and execute the sale. We did not appoint Lazard to do all of the preliminary work we did ourselves. With Project Tower we had done a lot of preliminary work ourselves. UBS, which was the loans sales agent on Project Tower, did it as supplemental work.