Written answers
Wednesday, 13 May 2009
Department of Finance
Banking Sector
9:00 pm
Brian O'Shea (Waterford, Labour)
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Question 131: To ask 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]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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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.
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