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Dáil Éireann díospóireacht -
Wednesday, 13 Jun 2001

Vol. 538 No. 1

Written Answers. - Enterprise Ireland Shareholding.

Ruairí Quinn

Ceist:

97 Mr. Quinn asked the Tánaiste and Minister for Enterprise, Trade and Employment the estimated value of shareholdings in quoted technology companies held by Enterprise Ireland as at January 2000, June 2000, January 2001 and the latest date for which figures are available; and if she will make a statement on the matter. [17236/01]

The issue raised by the Deputy is a day to day matter for Enterprise Ireland and one in which I have no direct function.

However, I understand from Enterprise Ireland that the value of Enterprise Ireland's holdings in quoted technology companies at the beginning of January 2000 was £121 million. At June 2000 the value was £195.9 million and in January 2001 the value was £164.9 million. The value on 7 June 2001 was £75.5 million.

During the year ended 31 December 2000, Enterprise Ireland disposed of its holdings in technology companies for a realisation of £65.9 million and a further £27.5 million in the first five months of 2001.

In addition, during the same period, three companies, not previously quoted, obtained a market quotation. These were valued, at the time of placing, at £81.7 million compared to the historic cost to Enterprise Ireland of £0.7 million.

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