asked the Minister for Industry and Commerce the principals behind the purchase of Master Meats.
Written Answers. - Meat Firm Acquisition.
92.
The acquisition of Master Meats may be notifiable to me under the Mergers, Take-overs and Monopolies (Control) Act, 1978, as amended. The Act requires the parties involved in a transaction to notify me in writing of the proposal, where at least two of the enterprises involved exceed the financial thresholds of the Act (turnover — IR £10 million or gross assets — IR £5 million). To date no notification under the Act has been made in respect of this transaction.
While I am entitled to require full disclosure of the control of the enterprises involved in a proposal notified under the 1978 Act, because of commitments pertaining to confidentiality of information submitted with a notifiable transaction, it is not the practice to publicly disclose the identity of any party involved.