Oireachtas Joint and Select Committees
Wednesday, 25 January 2017
Joint Oireachtas Committee on the Future Funding of Domestic Water Services
Department of Housing, Planning, Community and Local Government and Mr. Séamas Ó Tuathail, SC
1:30 pm
Ms Maria Graham:
I shall outline the way Ervia was established. Ervia has voting rights but not a right in terms of the economic value of the shares. The shareholder expectation is that there will be no dividends but if there were they would be reinvested. They would not go to Ervia but to the two Ministers.
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