UDARAS NA GAELTACHTA TO SELL SHARES IN CONNEMARA COMPANY
Date Published: 19-Mar-2013
Údarás na Gaeltachta is to sell its shares in a Connemara based seaweed company.
The shares in Arramara Teoranta in Kilkieran are to be sold to Acadian seaplants limited.
The proposal to sell the shares in Arramara Teoranta in Kilkieran was announced at this months meeting of the Údaras board.
However, the agreement to sell them to Acadian seaplants limited is subject to Government approval and legal conditions.
Arramara Teo is a seaweed processing company with Údarás na Gaeltachta holding 100% of the company shares since 2006.
It employs 20 people in the factory with another 250 harvesters working in the industry on a part time basis.