Written answers

Tuesday, 3 May 2011

9:00 pm

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein)
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Question 66: To ask the Minister for Finance if he will name the commercial semi-State bodies from the Report of the Review Group on State Assets & Liabilities that he has discussed and-or is actively considering selling a whole or part of; the timeframe he will begin this sale process; and if he will make a statement on the matter. [9662/11]

Photo of Niall CollinsNiall Collins (Limerick, Fianna Fail)
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Question 81: To ask the Minister for Finance the timeframe in which he envisages that the sale of State assets will commence. [9698/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 66 and 81 together.

The Review Group on State Assets and Liabilities published its report on 20 April 2011. The Government will now study the findings of the report and its extensive recommendations in detail. As set out in the Programme for Government, non-strategic assets up to a value of €2 billion will only be sold when market conditions are right and when adequate regulatory structures have been established to protect consumer interests. No specific bodies have, therefore, been identified for sale at this stage and no binding timeframe has been set. The Group itself cautions against a hastiness to sell such assets.

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