NAMA Operations

Dáil Éireann Debate, Tuesday - 18 February 2014

Tuesday, 18 February 2014

Questions (188)

Michelle Mulherin

Question:

188. Deputy Michelle Mulherin asked the Minister for Finance the precedent for the National Asset Management Agency to sell properties and other assets by a bidding process whereby a bid which stipulates an offer as a percentage higher than the offer of the highest bidder is preferred; if this is an acceptable way of bidding; and if he will make a statement on the matter. [7821/14]

Written answers

Minister for Finance

I am advised that, the situation described in the question has not occurred in the sales process to date. In all cases, NAMA's sales strategy is informed by the objective of achieving the best possible outcome for the taxpayer and the best mechanism to achieve that is through openly marketing the asset.