Martin Cullen (Waterford, Fianna Fail)

My reply to the Deputy was clear. I described a significant shareholding as a minimum of 25.1%. The exact figure has not been decided, so it will be a minimum of 25.1%. It may well be more than that but I am obviously waiting for the final analysis from the advisers with regard to that position. That is of some significance. I have had discussions with the company, trade unions etc., in respect of that point, so I am in a slightly difficult position. I cannot speculate on the floor of the House for obvious reasons. However, I am being absolutely clear in saying that it will be at least 25.1%. It may well be more than that.

On the second part of the Deputy's question, I am being unequivocal in so far as this Government is concerned. I cannot speak for future Governments, but the current Administration has decided to retain 25.1% of the company as an absolute minimum.

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