Vol. 485 No. 2
107 Mr. Callely asked the Minister for Public Enterprise the procedures, if any, that have to be adhered to if a semi-State company under the aegis of her Department is sold or if partnership arrangements are considered options; and if she will make a statement on the matter. [22819/97]
The procedures and arrangements governing the sale of the State's interests in a State company, or any subsidiary under its aegis, varies from company to company, depending on the legislation, corporate governance arrangements and any other agreements in place in relation to each company.
In the case of the core business of State companies, primary legislation would be required in most instances. Where major disposals are involved, either of core business or subsidiaries, proposals would be brought to my attention, and that of the Minister for Finance, as a matter of administrative requirement.
