Oireachtas Joint and Select Committees
Thursday, 17 January 2019
Public Accounts Committee
Business of Committee
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
The reason the Deputies and I have been following this issue is that I am confused by the terminology. In document No. 1795 reference is made to the rationale for the State’s purchase of a €200 million stake in Enet:
The Irish Infrastructure Fund, a domestic pension fund manager established by Irish Life Investment Managers, purchased a 78% shareholding in enet in 2017. [They have the share in Enet.] The Irish Infrastructure Fund has a number of investors, one of which is the Irish [sic] Strategic Investment Fund...The Department has no role in investment decisions by the Irish Infrastructure Fund.
I thought we were writing to the Ireland Strategic Investment Fund asking for information on its investment. I read phrases on the public documentation about the-----
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