Oireachtas Joint and Select Committees

Thursday, 24 May 2018

Public Accounts Committee

Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology

9:00 am

Mr. Diarmuid Collins:

We do not have that information with us but I will follow up and get it for the Deputy. Ultimately, we were a minority shareholder, and the majority wanted to sell - it was on the market before but the sale did not go through - as the company needed further funding to support it. The sale was a real opportunity to put that company on a solid footing with 100 jobs and further research coming back into UCC. It was a real return.

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