Dáil Éireann Debate, Tuesday - 19 November 2013
168. Deputy Joan Collins asked the Minister for Finance the number of individual offers that have been received by the liquidator of the Irish Bank Resolution Corporation from debtors through the process; and the number that have been rejected and or accepted. [49014/13]
View answerThe Special Liquidators are obligated to ensure that the assets of IBRC are sold at a price which maximises the overall return for its creditors including the State. As a result the Special Liquidators are currently in the process of devising and implementing a sales process in respect of these assets. The valuation process is on-going in respect of certain assets and I have been advised that while the Special Liquidators have commenced the formal sale process in relation to the sale of the four primary portfolios of loans assets in IBRC it will take some time for this process to be completed. It would be inappropriate for the Special Liquidators to release such information whilst they are engaging in the sales process as bids on the assets are being received and evaluated.
I have been advised by the Special Liquidators that they do not intend on releasing this type of information as they believe it is commercially sensitive.
