Pearse Doherty (Donegal South West, Sinn Fein)
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272. To ask the Minister for Finance in view of the insider knowledge that Blackstone has on the Irish Bank Resolution Corporation arising from the work it has done on the IBRC loan book after it was retained in December 2011 to advise on the bank’s portfolio if it shall be precluded by the special liquidator KPMG from the bidding process for IBRC’s assets; and if he will make a statement on the matter. [24260/13]

Michael Noonan (Limerick City, Fine Gael)
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I have been advised by the Special Liquidators that borrowers and third party bidders may be permitted to bid for loans and/or portfolio of loans. However, all bidders will have to meet certain pre-determined criteria which are yet to be finalised by the Special Liquidators.