82. Deputy Catherine Murphy asked the Minister for Finance if he will confirm the recent media reports which state that the board of the Irish Bank Resolution Corporation turned down a reportedly higher offer for an entity (details supplied) because one element of that proposal included a mandatory eight week due diligence exercise; if his attention has been drawn to the fact that had the board chosen this reported bid, the new framework agreement would have been in place once the said eight week period had expired; if he has considered that the sale of the entity was rushed in that respect; if he has invited any explanation as to what end such a rush was undertaken for; and if he will make a statement on the matter. [12628/15]

Summary

82. Deputy Catherine Murphy asked the Minister for Finance if he will confirm the recent media reports which state that the board of the Irish Bank Resolution Corporation turned down a reportedly higher offer for an entity (details supplied) because one element of that proposal included a mandatory eight week due diligence exercise; if his attention has been drawn to the fact that had the board chosen this reported bid, the new framework agreement would have been in place once the said eight week period had expired; if he has considered that the sale of the entity was rushed in that respect; if he has invited any explanation as to what end such a rush was undertaken for; and if he will make a statement on the matter. [12628/15]

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• IBRC Operations

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