Dáil Éireann - Volume 682 - 13 May, 2009
Written Answers. - Banking Sector.
Deputy Brian O’Shea Deputy Brian O’Shea
Deputy Brian O’Shea asked the Minister for Finance his proposals for treatment of the 20% stake in a retailer (details supplied) accruing to the State as a result of the nationalisation of Anglo Irish Bank which, according to reports, holds a 38.5% stake in a company, which in turn holds a 45% stake in the retailer; and if he will make a statement on the matter. [18958/09]
Deputy Brian Lenihan Deputy Brian Lenihan
Deputy Brian Lenihan: As the Deputy will be aware, Anglo Irish Bank is being run on an arms length commercial basis. Consequently, normal commercial decisions, which include those in relation to management and control of the loans and collateral held by the bank, are a matter for the Board of Anglo.
Dáil Éireann 682 Written Answers. Banking Sector.