Dáil Éireann Debate, Thursday - 23 April 2015
69. Deputy Catherine Murphy asked the Minister for Finance if the closed process by which the former Irish Bank Resolution Corporation disposed of a company (details supplied) was fully in compliance with European Union competition and state aid rules; if he received any correspondence from the Commission in relation to same; if so, the details of the Commission's interest; and if he will make a statement on the matter. [16128/15]
View answerAs the Deputy is aware, the sale of the company referred to in the question was run by the company itself and their advisers. In line with the relationship framework in place at the time IBRC were not required to consult with the Department or the Minister for Finance. IBRC was a creditor to the company who had an interest in the maximisation of proceeds from the sale of the company to maximise the recovery on the company's debts to IBRC. Neither I nor officials from my Department were involved in the transaction involving the company referred to in the question. There are no records on file with the Department of Finance from the European Commission around the transaction involving the company referred to in the question.
