Galway Bay fm newsroom – A dispute over the sale of a stake in a Galway-based fish farm operator is set to go to the High Court.
Udarás na Gaeltachta and Bradán Muhr Teoranta agreed to pay just over 1 million euro for Maoiniu Mara Teoranta’s 40 per cent stake in fish farm operator, Bradán Beo Teoranta.
However, shareholders in Maoiniu Mara are unhappy with the sale, which they feel is undervalued.
According to today’s Irish Times, the matter which also involves other shareholders such as Curraun Fisheries and Mannin Bay Salmon Company is due for a full hearing in the High Court in October.
Maoiniu Mara, led by the Irish Seafood Producers’ Group, believes that the price for the 40 per cent stake should have been four times the 1.05 million euro paid.
It sought a General Meeting with Bradán Beo to pass a resolution to give them a share of future profits.
However Bradán Beo went to the High Court to prevent the resolution being passed.
Bradán Beo is based at Cill Chiaráin Bay and recent reports indicate that it has been trading profitably.
The Irish Seafood Producers’ Group is an organisation of organic salmon farmers, also based in Cill Chiaráin.
242 new cases of Covid-19 nationwide
Listen: Donagh Killilea elected new Cathaoirleach of Tuam municipal district
Galway Bay fm newsroom – Councillor Donagh Killilea has been elected as the new Cathaoirleach of the Tuam municipal district.
He replaces Councillor Joe Sheridan in the position, and was elected unanimously at a meeting of the district this afternoon.
Fianna Fáil Councillor Killilea outlines his priorities over the coming term:
Minister says alternative bus service possible on Gort to Galway route
Galway Bay fm newsroom – The National Transport Authority has stated that private bus companies can operate on the Gort to Galway bus route.
Minister of State and Galway East TD Anne Rabbitte has received confirmation from the NTA that commercial bus operators can submit licence applications for the route at anytime.
It comes after Bus Éireann’s decision to cancel its evening service on the Galway to Cork Expressway 51 route – leaving passengers travelling to south Galway with no access to a public bus service after the last bus departs the city at 5:05pm.
The NTA has stated that potential applications will be considered based on the potential demand for the service with regards to the needs of consumers and any public services on or in the vicinity of the route.
Minister Rabbitte argues the decision by Bus Éireann has placed limitations on students, workers and general commuters travelling out of the city.
She is encouraging commercial bus operators to make an application and provide the vital service for commuters in the county.
To hear more, tune into Galway Bay fm news.