Brendan Howlin
Ceist:105 Mr. Howlin asked the Minister for Finance if he will make a statement on the Government's plans for the future of ACC Bank. [25351/01]
Vol. 542 No. 6
105 Mr. Howlin asked the Minister for Finance if he will make a statement on the Government's plans for the future of ACC Bank. [25351/01]
The board of ACC Bank has advised me that it is proceeding to sale contract negotiations with Rabobank Nederland. I look forward to receiving the board's recommendation following the completion of negotiations.
Part of the sale process will involve the establishment of an employee share ownership plan agreement with the staff and their representatives. Discussions between unions and management regarding the ESOP are in progress.