Vol. 482 No. 6
119 Mr. Yates asked the Minister for Public Enterprise the Government's policy, if any, in relation to the investment by State companies under the aegis of her Department in joint ventures; her views on majority or minority equity stake in view of the requirement for her consent for these developments in most cases; and if she will make a statement on the matter. [18566/97]
The State bodies are required to adhere to the "Guidelines for State Bodies", which were agreed by Government in March 1992. Accordingly, the establishment by any State body of subsidiaries, participation in joint ventures or the acquisition of shares requires the approval of the Minister and the Minister for Finance.
In addition, to the extent that any such arrangements might possibly impact adversely on competition, the views of the Competition Authority may have to be sought by the Minister for Enterprise, Trade and Employment.
