Oireachtas Joint and Select Committees

Thursday, 8 October 2020

Public Accounts Committee

Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019

11:30 am

Mr. Brendan McDonagh:

It continued on until a month later, January 2012. In fact, in January 2012 there was one equity loan which was attached to the Paddington asset, that was including Clairvue, and we took it out. There was an adjustment in the price to reflect that. It was the best outcome for NAMA because we made €1.1 million more than what Clairvue was prepared to pay for it by holding onto it.