Mr. Steve Ó Cualáin:

To respond to Deputy Pringle, the sale of Údarás na Gaeltachta shares in Arramara Teoranta was approved by the board on 1 March 2013, subject to ministerial approval, which was not granted until 29 July 2013. The sale did not proceed until 7 May 2014.

Údarás na Gaeltachta sought a strategic partner. Our role was to seek a strategic partner because, as I indicated, the company could not be sold in 2006 at any market value.

Our subsequent actions, involving engineers and work within the plant getting some streamlining done on the production, meant the company was worth money when it was subsequently sold and the State and údaras got a contribution. It was sold at market value.