Mr. Niall O'Donnellan:

There were considerable discussions with the management to see whether there were investments that were focused on Enterprise Ireland's space, manufacturing international services. We did not have control over whether they would float or not; we were an investor and we could not control that. At the time we also had a view that this may be one way in which we were able to get larger amounts of money into our scaling companies. That was our logic at the time in terms of trying to see whether this was an opportunity. In the event, as the Deputy rightly points out, it did invest in companies but not in our space. We had several discussions in which we tried to encourage them to invest in our areas in the sectors in which we are particularly interested. That did not bear fruit and at that point we decided we had to exit. Particularly in the context of a very major financial crisis we felt we needed to have those discussions and pursue that direction.