Leo Varadkar (Dublin West, Fine Gael)
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Question 382: To ask the Minister for Enterprise, Trade and Employment the companies in which his Department holds an equity stake; the level of the equity stake; and if he will make a statement on the matter. [6631/08]

Micheál Martin (Cork South Central, Fianna Fail)
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Shannon Development, one of the State Agencies under the remit of my Department, is also a company, wholly owned by the State. The Company's share capital as at 31st December 2007 was €183,521,371.59. Shares are valued at €1.27 and distribution is as follows:

Minister for Finance — 144,505,015 shares

Minister for Enterprise, Trade and Employment — 1 share

Minister for Arts, Sport and Tourism — 1 share

I also hold one share in Nitrigin Eireann Teoranta (NET). The major shareholder is the Minister for Finance, with a shareholding of almost 100 million shares. On 20th December 2007 measures were taken to wind up NET as a members' voluntary liquidation and there was no equity value in NET at the time of liquidation.