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IBRC Liquidation

Dáil Éireann Debate, Tuesday - 21 May 2013

Tuesday, 21 May 2013

Questions (272)

Pearse Doherty

Question:

272. Deputy Pearse Doherty asked 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]

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Written answers

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.

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