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IRELAND COULD hold back up to 50 per cent of the proceeds from the sale of State assets for domestic investment following agreement with the EU-IMF, Taoiseach Enda Kenny has said.

The original agreement allowed the State to keep just a third of total sales to spend on infrastructure and jobs.

“The change now is that that will be significantly higher. It could be – I stress could be – as high as 50 per cent,” said Mr Kenny.

Minister for Finance Michael Noonan and Minister for Public Expenditure and Reform Brendan Howlin would not be drawn on a figure during a press conference on the bailout programme review.

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Half Of Cash From Asset Sale May Be Retained In State, Says Kenny (Mary Minihan, Harry McGee and Stephen Collins, Irish Times)

(Photocall Ireland)

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