Written answers
Wednesday, 16 September 2009
Department of Finance
Financial Institutions Support Scheme
9:00 pm
Leo Varadkar (Dublin West, Fine Gael)
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Question 295: To ask the Minister for Finance if he has appointed an assessor to determine the value of shares in Anglo Irish Bank; if not, when he will do so; and if he will make a statement on the matter. [31559/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Section 22 of the Anglo Irish Bank Corporation Act 2009 provides that I shall appoint an Assessor at an appropriate time having regard to the public interest, to determine the fair and reasonable aggregate value of the transferred shares and extinguished rights and the consequent amount of compensation, if any, that may be payable to persons in respect of Anglo shares transferred and rights extinguished under the Act. Preparatory work on the process to appoint an Assessor is underway in my Department, with a view to making early progress on the appointment. In considering the optimum approach to filling the position of Assessor, I will have regard to best practice internationally on such matters.
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