Dáil Éireann Debate, Tuesday - 4 November 2014
345. Deputy Michael McGrath asked the Minister for Finance if he is satisfied that all potential bidders for a certain commercial loan book being sold by the IBRC special liquidator (details supplied) had equal access to the books and records of the underlying business; and if he will make a statement on the matter. [42210/14]
View answerThe Special Liquidators of IBRC have confirmed to me that the sales processes that they have employed have been designed to maximise value from the sale of Irish Bank Resolution Corporation Limited (in Special Liquidation) loan assets for creditors and this continues to be the case. The Special Liquidators are satisfied that this has been achieved in the current and previous loans sales processes. I am further advised that the level of information made available to bidders, throughout the liquidation process, has been provided on the basis of legal advice furnished to the Special Liquidators.
