Saturday 22 October 2016

NTMA quiet on costs


The National Treasury Management Agency (NTMA) has refused to say how much it is paying advisers hired to help the Government decide whether to sell the State's 25.1pc stake in Aer Lingus.

In response to a freedom of information request, the NTMA confirmed that it would not reveal how much of the taxpayers' money is being spent.

The NTMA hired global bank Credit Suisse and Dublin law firm McCann FitzGerald on behalf of State agency NewERA, which it oversees, and which is responsible for managing the sale of State assets.

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