Minister who led deal admits surprise at profit level
A good commercial decision.
That is how the Island’s former Treasury Minister has described the Manx government's investment in Pinewood.
It paid almost £12.3 million for a 9.9 per cent stake in the Pinewood Group in 2012, selling almost half of the shares last year and the remaining stake earlier this month for a combined total of £22.4 million.
Eddie Teare admits, however, he didn’t expect the government would make a £10.1 million profit.
Plans submitted for 'significant' flood defences in Ramsey
Include installing a four-foot flood wall at West Quay
Tributes paid to cancer awareness campaigner
Sarah Jarvis has died at the age of 60
Police bail for two people arrested in Ramsey incident
One person was treated for injuries that were described as non-life-threatening
WCAS to extend opening hours next month
It's thanked patrons for their patience during 'very difficult times'
Government support for two 'long-stalled' Douglas developments
Former Newson's building and Duke Street site offered assistance through Island Infrastructure Scheme