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Dáil Éireann debate -
Tuesday, 11 Feb 1986

Vol. 363 No. 10

Written Answers. - Building Societies Discussions.

22.

asked the Minister for Industry, Trade, Commerce and Tourism if he will make a statement on the current position in relation to the proposed merger of the country's two largest building societies, namely the Irish Permanent and the Educational Building Society; and if the proposal has been dealt with under the Mergers, Takeovers and Monopolies (Control) Act, 1978.

I understand from recent press statements by the two societies concerned that discussions regarding a possible merger of those societies have been discontinued. The matter was not dealt with under the Mergers, Takeovers and Monopolies (Control) Act, 1978 as a merger was not notified.

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