Results 31,421-31,440 of 33,123 for speaker:Catherine Connolly
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: If one adds up those percentages, those companies - Cerberus, Lone Star, Goldman Sachs and Apollo/Deutsche - make up 89% of the loan sales in Ireland and the UK. Is that right?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Let me stay with my question. We will go back to page 71 of the Comptroller and Auditor General's report and look at it with page 77. The first three that Lazard invited in were Blackstone, Starwood and Oaktree. None of those appears on page 77 as the big companies that do loan sales. Is that right?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Mr. Long should listen to my question. None of the three that Lazard invited in is on that list of the first four that account for the biggest majority of the sales on page 77.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Of that list, in the second round of bidding, only one - Lone Star - comes in. Is that right? Cerberus comes in too. Two actually come in on the second round.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Three come in on the second round.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: On the first round, none of those in the high group comes in.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Just a minute. On the first round when Lazard invited in three companies, none of those top four companies is brought in.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Subsequently when there is a leak in the paper, more people come forward. Is that correct?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Is that how the next stage happens?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: My question was very simple. Was that how the next stage happened, after the leak? Is that how the third round happened?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Okay, that is lovely. Did Lazard approach Fortress at that stage?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Fortress approached Lazard. Who did Lazard approach? Did everybody come from the leak?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: All of them came from the leak in the paper.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: At that point, did Lazard go back and say to NAMA that there had been a leak and more people were coming out of the woodwork-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: -----interested people and big firms?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Lazard did. Tell us what happened.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: How many did Lazard refuse?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: There were ten.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: That is okay. Mr. Long knows exactly; he is the expert. Ten firms came forward. Lazard allowed two in. Why did it reject the other eight?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Catherine Connolly: Was that the reason Lazard refused the eight of them?