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...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post