Seanad debates

Thursday, 9 May 2013

10:50 am

Photo of Paul CoghlanPaul Coghlan (Fine Gael) | Oireachtas source

I wholeheartedly endorse everything said this morning by Members' learned colleague on the benches opposite, Sean Barrett, regarding the Kerry Group. I recall some of the story told about the then Minister for Agriculture, the late Mark Clinton, and his persuasive powers with the fledgling Kerry Group and with Denis Brosnan in particular. He spoke of how shares have risen from being worth €28 to their present value of €45. I recently forecast in this Chamber that it would rise to €50 or €51 in the short term. However, that is beside the point. I remember when the shares in question were worth only 52p each and I urged farmers to buy all round them. Sadly, some of them did not do so but in any event-----

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