Monday December 9, 2019

State pension fund stubs out €5 million worth of cigarette shares

Large chunk of stake in tobacco companies sold

Ian Guider

Markets Editor

@ianguider
26th July, 2015
2
€5 million a year cigarette habit

The state pension fund sold €5 million-worth of shares in tobacco companies last year.

The National Pension Reserve Fund held almost 15,000 shares in Philip Morris, the maker of Marlboro, at the end of 2014, just under a third of its holding in the previous year.

The stake was worth about €1 million, compared with the €3.2 million it valued its near 51,000 shares in 2013.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Large public capital projects could be run through an “independent panel of international experts” as part of public spending reforms, according to the Department of Public Expenditure

Daniel Murray | 3 weeks ago

The contract covers the supply of office stationery to a range of government bodies and agencies, including the HSE, universities, hospitals, councils and schools

Michael Brennan | 3 weeks ago

Party would launch the ‘largest public house building programme that Ireland has ever seen’ and a national health service

Aiden Corkery | 3 weeks ago