Dáil Éireann debate -
Tuesday, 19 Nov 2002

Vol. 557 No. 4

Written Answers. - Company Purchase.

Trevor Sargent

Question:

288 Mr. Sargent asked the Minister for Communications, Marine and Natural Resources if he will investigate and act in respect of the decision to use ?33 million of public money to buy out a company (details supplied), when there is a huge oversupply of oriented strand board on the world market. [22580/02]

Minister for Communications, Marine and Natural Resources (Mr. D. Ahern)

The purchase by Coillte Teoranta of the company referred to by the Deputy was considered to be of strategic importance to Coillte.