Paul Gogarty (Dublin Mid West, Green Party)
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Question 108: To ask the Minister for Communications, Marine and Natural Resources if his Department had a role in negotiations between National Treasury Management Agency and An Post in view of the latter's merger with a company (details supplied);. [33492/06]

Noel Dempsey (Meath, Fianna Fail)
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With respect to the joint venture between An Post and Fortis to provide financial services, my Department and the Department of Finance established a co-ordination committee to represent the shareholder interest in An Post and to ensure that the State's interests would be protected in the negotiations on the joint venture. The NTMA was not a party to the joint venture agreement and therefore, was not a party to the joint venture negotiations. However, I can confirm that the co-ordination committee consulted the NTMA in relation to the relevant aspects of the joint venture proposal with a view to ensuring that the State's interest with respect to the Government small savings schemes, for which An Post is the primary distributor, were taken into account in the negotiations.