Dáil Éireann Debate, Wednesday - 30 April 2014
72. Deputy Pearse Doherty asked the Minister for Finance in respect of the report by PricewaterhouseCoopers into the disposal of the Irish Bank Resolution Corporation mortgage book if he will confirm if the price paid by Oaktree and Lone Star for the 64% of the loan book which they acquired was in excess of the run-off-value or the market-value. [18970/14]
View answerI have been advised by the Special Liquidators that the price achieved in the recent sale of 64% of the Irish Bank Resolution Corporation Limited (in Special Liquidation) residential mortgage book was in excess of the independent valuation obtained.
The Special Liquidators will not be providing information as to the actual sales proceeds received in respect of the loan sales process as this is commercially sensitive information.
