Results 8,461-8,480 of 34,664 for speaker:Seán Fleming
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: I think we will come back to this topic the next day. The committee has to write to the Ireland Strategic Investment Fund to know what investment was made. I am aware it provided investment of €250 million-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: That is only on a commercial basis, not on an ownership basis.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: It is a finance advance. We are interested to know what its ownership is.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: What is the IIF?
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: What are-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: They are not a shareholder.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: The reason the Deputies and I have been following this issue is that I am confused by the terminology. In document No. 1795 reference is made to the rationale for the State’s purchase of a €200 million stake in Enet:The Irish Infrastructure Fund, a domestic pension fund manager established by Irish Life Investment Managers, purchased a 78% shareholding in enet in 2017. [They...
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Yes, the Irish Infrastructure Fund. One would almost think it was a State organisation with that name they put on it, which is confusing. I see in public documentation that the Irish Infrastructure Fund has regularly stated that it is a State-backed investment. I took this to mean that the State had a shareholding. I thought that our correspondence from the committee was to know what...
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: But it is not a shareholding.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: The contract was a joint venture-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Do we know do if the Ireland Strategic Investment Fund has any shareholding in the Irish Infrastructure Fund? I would like clarification on that point. That was my first question. I have read different phraseology around it, and if one was reading over it one might not pick up on the subtleties of what is there.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: I want a meaningful answer. The Ireland Strategic Investment Fund, ISIF, could answer my question as to whether it has a shareholding or not at the click of a finger. It is probably published.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: I want an immediate answer to that shareholding question. It can be given at a moment's notice; we should be able to get it well before next week's meeting.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: This is an issue of a State body investing in-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: We invest for return, not to own.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Yes, that is correct.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: We might not be able to clear all of our correspondence; we will discuss it for just a few moments. Correspondence No. 1816 B is from the National Treasury Management Agency, providing information requested. I have just mentioned that item. No. 1817 B is from Mr. William Beausang, assistant secretary, Department of Education and Skills, dated 18 December 2018 concerning the issues...
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Would the Deputy like to speak now or next week?
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: The Deputy would like a breakdown of the costs involved in procuring the platform, trackways, fencing-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Perhaps the OPW could provide details about the multiple suppliers whose costs were €2 million or more, and perhaps provide a list. I do not want to go into too much detail.