Oireachtas Joint and Select Committees
Thursday, 2 May 2013
Joint Oireachtas Committee on Agriculture, Food and the Marine
Coillte Harvesting Rights: Discussion with Irish Timber Council
11:20 am
Mr. Jim McNamara:
In fairness to Coillte, we must take into account the acquisition of Medite, which cost €80 million. Deputy Barry spoke earlier about the debt of €180 million - it borrowed €80 million to buy Medite. I do not know what it borrowed when it invested in the OSB, but there were some capital payments by Coillte.