Martin Ferris
Question:330 Mr. Ferris asked the Minister for Agriculture and Food if she will make a statement as a shareholder on what Greencore proposes to do with the former sugar factory at Carlow. [36725/05]
View answerTuesday, 29 November 2005
Questions (341)
Written answers
As Minister, I hold a special share in Greencore PLC. That share has the same monetary value as any other share in the company but has conditions attached which prevent the company from engaging in a number of activities without the prior written consent of the Minister. In summary, the special share prevents the disposal of the controlling interest in Irish Sugar Limited, or a certain percentage of the sugar assets and prevents a single shareholder or group of shareholders from gaining control of Greencore PLC. It does not empower me to get involved in the normal business decisions of the company. I have not received any request from the company for consent to the sale of the Carlow site.