asked the Minister for Industry and Commerce whether he is normally informed when firms which hold a large share in a given economic sector of the economy are the subject of mergers or takeovers by cross-channel interests; and what his Department's views are on the increasing control exercised by cross-channel interests on Irish business.
Ceisteanna—Questions. Oral Answers. - Takeovers of Irish Firms.
102.
I am not informed in advance as a matter of course of projected takeovers of Irish firms by cross-channel interests. Such takeovers in recent years have been limited in extent and have generally been beneficial to the business concerned. I have, however, kept the position under close observation and I shall continue to do so.