asked the Minister for Industry and Commerce the names and principal activities of each company in which the Industrial Development Authority have an equity share; value, at cost, of each such shareholding; and the percentage in each case of total share capital which the IDA's holding represents.
Written Answers. - IDA Share Holdings.
108.
Following is the information in respect of shares purchased by the Industrial Development Authority under section 44 of the Industrial Development Act, 1969:
|
Company |
Principal Activity |
Value at cost of Shareholding |
Percentage of Ordinary Share Capita |
Percentage of Total Share Capital |
|
Ferenka Ltd. |
Steel tyre cord |
£700,000 |
7.5% |
6.2% |
|
Wellman International Ltd. |
Nylon Fibres |
£50,000 |
10.0% |
6.8% |
The IDA do not participate in the redeemable preference share capital issued by these companies.