Cash boost for McDonald’s Irish operation

Cash boost for McDonald’s Irish operation
The cash injection amounts to almost four times the Irish operating profits of McDonald’s, which came in at €15.7 million in 2016. Pic: Getty

Single share purchased for €75 million

The Irish operation of fast food giant McDonald’s received a cash injection of €75 million from its British parent company earlier this year, filings in the Companies Office show.

According to the official record, MCD Europe Limited, which is already a 100 per cent shareholder in McDonald’s Restaurants of Ireland Limited, purchased a single share in the Irish outfit towards the end of March.

While the nominal value of the share was just €1.25, the...

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