asked the Minister for Industry and Commerce the reason the deal involving Irish Steel was not completed in September 1989; when the deal will be completed; if the Government is still satisfied that the proposal serves the interests of Irish Steel and its workforce; and if he will entertain other, and possibly better, offers.
Written Answers. - Irish Steel.
27.
The reason that the proposed sale of Irish Steel Ltd. was not completed in September was that the purchaser had not met a number of his contractual obligations at that time. The current closing date for completion of the deal is 30 November 1989. It will not be possible to offer a final judgment on the proposal until a number of outstanding aspects are clarified.
The question of entertaining other offers would arise only in the event of the proposed sale not proceeding.