Seanad debates
Wednesday, 14 July 2004
State Airports Bill 2004: Committee Stage.
11:00 am
Derek McDowell (Labour)
This is different. I agree with the general philosophy outlined by the Minister that if a company acquires assets it must also dispose of them, particularly when they were acquired as a business proposition. However, this is a different matter. It involves a company divesting itself of some assets so that it can divest itself of more because of company law. That is a peculiar situation. It risks leaving the company in a worse position by allowing for business decisions driven by an overall structure on which the company may not be keen.
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