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Dáil

Written Answers - Verolme (Cork) Dockyard.

John Mulvihill Mr. Mulvihill Question Labour Party

118 Mr. Mulvihill asked the Minister for Finance the claw-back clause that was written into the contract on the sale of the Verolme Cork dockyard to Damen Shipping Limited in view of the fact that it does not appear that the company will deliver on the 450 jobs promised at the time of sale; if he will publish the contract that was agreed between both parties; and if he will make a statement on the matter.

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Bertie Ahern Minister for Finance (Mr. B. Ahern) Fianna Fáil

The Verolme Cork Dockyard (in receivership) was sold by the receiver to Cork Dockyard Holdings Ltd., a wholly owned subsidiary of a Dutch company, Damen Shipyards, in 1991.

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