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Shell Ion deal marks Topaz's Arrival In Ireland
international |
environment |
other press
Sunday July 17, 2005 23:22 by sbp
Extract: "The purchase of the retail and commercial business of Shell by a consortium led by Ion Equity marks the arrival in the big time of the corporate finance house founded in 2000. |
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"The" only answer that makes any logical sense to the qui bono question to me (and our government are nothing if not logical when it comes to asset stripping and putting interests of corporate / business elites above public interest) is that local economic elites will benefit further down the pipelines. The state will get no royalties but through these sweetheart deals the irish economic elite will extract their own royalties literally at the pumps."