Dáil Éireann Debate, Wednesday - 30 April 2014
74. 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 the reason why only ten potential buyers were pre-interviewed when the loan portfolio is so diverse; and if he will make a statement on the matter. [18972/14]
View answerI have been advised by the Special Liquidators that PwC conducted interviews with investor groups as part of the process of forming their independent valuation and sales strategy advice. The number of investor groups interviewed was a matter of professional judgement applied by PwC. The discussions related specifically to their independent advice for Project Sand.
I am further advised that on an overall portfolio basis, the Special Liquidators held in-bound and out-bound discussions with over 300 interested parties as part of the wider market sounding process.
