Mr. Brendan McDonagh:

If the discount was doubled, the figure would be about €1.28 billion or €1.3 billion. That was the thought process. That is part of the discussion when a board is clued into the financial world and things like that. All I say is that the €1.3 billion figure is not something that was easily bought or accepted by the board; rather the board came to a decision that it thought a minimum price of €1.3 billion for the portfolio was the appropriate price but that there should be a competitive process in order to try to get more than €1.3 billion.