Oireachtas Joint and Select Committees
Tuesday, 2 October 2012
Joint Oireachtas Committee on Agriculture, Food and the Marine
Foresty Industry: Discussion with Coillte
4:05 pm
Tom Barry (Cork East, Fine Gael) | Oireachtas source
My question relates to hiring experts to give Coillte a company valuation. What did it cost but, more to the point, how could Coillte not know the value of the company when it has borrowings and will look for future investment? The key in any investment is that one knows one's leverage position. Is the company leveraged to 20% or 30% of its value? That ongoing valuation should have been done each year. I do not understand the reason for hiring a company to tell Coillte what it already knew.
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