Ceisteanna—Questions. Oral Answers. - Industrial Mergers.

Wednesday, 1 March 1972

Dáil Eireann Debate
Vol. 259 No. 5

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26.

Mr. M. O'Leary: Information on Michael O'Leary  Zoom on Michael O'Leary  asked the Minister for Industry and Commerce whether he intends to introduce legislation to provide for control of take-overs and mergers in industry.

Minister for Industry and Commerce (Mr. Lalor): Information on Patrick J. Lalor  Zoom on Patrick J. Lalor  I am having a Bill drafted to provide for the investigation and control of mergers and take-overs which are likely to restrict competition and I am also considering whether it is feasible to provide for control on other grounds.

Mr. P. Barry: Information on Peter Barry  Zoom on Peter Barry  Does this apply to the distributive trades as well as to industry?

Mr. Lalor: Information on Patrick J. Lalor  Zoom on Patrick J. Lalor  Yes.

Mr. P. Barry: Information on Peter Barry  Zoom on Peter Barry  The question relates to industry. Will it apply to distribution as well?

Mr. Lalor: Information on Patrick J. Lalor  Zoom on Patrick J. Lalor  Yes, any merger, takeover, creation of a monopoly.

Mr. P. Barry: Information on Peter Barry  Zoom on Peter Barry  No matter at what level?

Mr. Lalor: Information on Patrick J. Lalor  Zoom on Patrick J. Lalor  Yes.

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