asked the Minister for Industry and Commerce the reasons for the delay in completing the sale of Irish Steel.
48.
Written Answers. - Disposal of Irish Steel.
36.
asked the Minister for Industry and Commerce if he will outline the Government's plans for the future development of Irish Steel; and if he will make a statement on the matter.
50.
asked the Minister for Industry and Commerce the reason for the delay in completing the sale of Irish Steel; and if he will make a statement on the matter.
I propose to take Questions Nos. 36, 48 and 50 together.
The Government feel that the best way of securing the future of Irish Steel Ltd. is by way of some form of association with another steel company. To this end, negotiations for the sale of the company to the Korf KG Group have been going on for over a year now. The reason for the delay in completing the sale is that the purchaser has not, to date, met a number of his contractual obligations.