Cement tycoons to invest €3m to rescue The Vaults

An investment company of the Lagan family is set to rescue The Vaults from examinership by investing €3 million in new capital in the venture. Joe Walsh, a court-appointed examiner to the business, wrote to creditors late last week to inform them of the new investment by the Lagans who beat a rival strong bid for the business by Tayto park kingpin Ray Coyle supported by shareholder Barry Kenny.

The Vaults is a ...