Social and affordable construction firm gets €1.4 million bailout

2nd December, 2018

Troubled building firm MDY Construction, involved in the development of state-funded social and affordable housing, is to be bailed out of examinership in a €1.4 million investment deal.

The investor, KM Lynskey Construction, is to advance the money as part of an urgent rescue plan for the Kildare firm, based on commitments that key contracts with Kildare and Wicklow county councils will be saved.

The survival package recommended by examiner Neil Hughes has been approved...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Nadine O’Regan: Fishing for compliments at our own funerals

Emer McLysaght: Take it or leave it, Father’s Day is not an issue

Analysis: Moral hazard at the heart of public health leaders’ reluctance to begin use of rapid antigen testing

Elaine Byrne: What structural defect means taxpayers always carry the can?