IBRC Operations

Dáil Éireann Debate, Tuesday - 21 April 2015

Tuesday, 21 April 2015

Questions (308)

Catherine Murphy

Question:

308. Deputy Catherine Murphy asked the Minister for Finance the number of bids that were received during the first round of the sale of an entity (details supplied) by the Irish Bank Resolution Corporation; if he will provide a list of those bids; if the company which was ultimately successful in purchasing the entity was in fact among the first bidders; if that bid amount changed over the course of the bidding process; and if he will make a statement on the matter. [15708/15]

Written answers

Minister for Finance

Following a review of the transaction concerning the company referred to in the question by officials in my Department on 11 June 2012, they were made aware by IBRC that 8 bids were received for the company referred to in the question. While there is evidence that certain bid amounts may have changed during the process, there is no record that officials in my Department were furnished with the names of the 8 bidders, the amounts which each bidder submitted in the first round or in the second round, nor the reasons behind any changes in bid amounts which may have occurred, so I am unable to comment further.