Written answers
Wednesday, 25 May 2005
Department of Agriculture and Food
Departmental Shareholdings
9:00 pm
Michael D Higgins (Galway West, Labour)
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Question 39: To ask the Minister for Agriculture and Food if, in her capacity as the holder of a golden share in a company (details supplied), she has received any indication from the company regarding its plans for the site of the Carlow plant which closed on 11 March 2005; and if she will make a statement on the matter. [17381/05]
Mary Coughlan (Donegal South West, Fianna Fail)
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As Minister I hold a special share in Greencore plc. That share has the same monetary value as any other share in the company but has conditions attached which prevent the company from engaging in a number of activities without the prior written consent of the Minister. In summary, the special share prevents the disposal of the controlling interest in Irish Sugar Ltd. or a certain percentage of the sugar assets and prevents a single shareholder or group of shareholders from gaining control of Greencore plc. I have not received any request from the company for consent to the sale of the Carlow site.
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