Written answers

Wednesday, 2 April 2025

Photo of John BradyJohn Brady (Wicklow, Sinn Fein)
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91. To ask the Minister for Finance the details of any engagement with Irish Strategic Investment Fund (ISIF) or hackman capital partners that he or his Department had relating to the Greystones media campus which ISIF has invested in; and if he will make a statement on the matter. [15990/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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Since being appointed to my current role as Minister for Finance I have not had any engagement with either ISIF or with Hackman Capital Partners related to the Greystones Media Campus. My Department's engagement with ISIF has been to seek information in response to queries on the project.

ISIF’s involvement as an investor in the project is a commercial matter under its investment strategy which it implements independently under statute.

Photo of John BradyJohn Brady (Wicklow, Sinn Fein)
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92. To ask the Minister for Finance the details of any shares, including their value that the Irish Strategic Investment Fund have in businesses listed on the UN database of business enterprises involved in activities in the occupied Palestinian territories; and if he will make a statement on the matter. [15991/25]

Photo of John BradyJohn Brady (Wicklow, Sinn Fein)
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93. To ask the Minister for Finance the detail of shares that Irish Strategic Investment Fund have divested from in 2023 to date in 2025 in businesses listed on the UN database of business enterprises involved in activities in the occupied Palestinian territories; and if he will make a statement on the matter. [15992/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 92 and 93 together.

The NTMA have informed me that as at 31 December 2023 the ISIF’s direct investments in companies on the UN database totalled approximately €4.2 million in 11 companies. It also outlined that the ISIF’s indirect investments include 8 companies totalling approximately €9.4 million.

Information regarding ISIF’s holdings are available in the published NTMA Annual Report for 2023. Below are the ISIF direct holdings from year end 2023 as defined by updated UN Database of the 30th June 2023. Pooled or indirect investments are reported on an aggregate basis.

Security Description Segregated (Direct)
Airbnb INC €310,000
Alstom SA €210,000
Altice €670,000
Bank Hapoalim €20,000
Bank Leumi LE-Israel €10,000
Booking Holdings €920,000
Expedia Group €260,000
Israel Discount Bank €10,000
Mizrahi Tefahot Bank €20,000
Motorola Solutions €700,000
Tripadvisor €1,070,000
Total €4,200,000
ISIF has since taken an investment decision to divest from six companies with a total value at the time of the divestment decision of approximately €2.95m. The six companies are Bank Hapoalim BM; Bank Leumi-le Israel BM; Israel Discount Bank Ltd; Mizrahi Tefahot Bank Ltd; First International Bank Ltd and Rami Levi Chain Stores Ltd.

ISIF will continue to monitor its holdings to ensure that investments are within the ISIF’s risk profile and investment parameters.

Given commercial sensitivities in respect of its investments, ISIF does not comment on individual investment decisions.

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