Dáil debates

Wednesday, 6 May 2015

Sale of Siteserv: Motion [Private Members]

 

7:30 pm

Photo of Tom FlemingTom Fleming (Kerry South, Independent) | Oireachtas source

-----chaired the sub-committee. Siteserv external advisers recommended accepting the O’Brien bid. This went to the board of IBRC who agreed in double quick time that shareholders who had voluntarily backed the debt-ridden company got a payout of €5 million. The taxpayer got €40 million and a bill for €100 million when the remaining borrowings of Siteserv were written off.

I commend Deputy Catherine Murphy for the work she has done to unveil all this.

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