IRELAND

The Irish marine minister has warned the countrys leading ports of a tough new government strategy which will ensure focus on appropriate developmental requirements to benefit the national economy and maximise efficiency.

Involved in the syndicate are Banco Sabadell, Barclays Capital, BNP Paribas, Fortis Bank, HSBC Bank, Santander and Société Générale Corporate & Investment Banking, although a total of 22 financial institutions participated in the operation.

Directors’ boards are also to be reduced in size and power.