Sammon in 11th-hour rescue talks with Kildare developer

PJ McGrath’s intervention may pull Sammon back from the precipice after Carillion’s collapse left it reeling

The Sammon Group was hit hard by the collapse of Carillion

Sammon, the Irish builder struck by the collapse of Carillion, is in negotiations with Maynooth property developer PJ McGrath over a multimillion-euro debt and equity rescue package.

PJ McGrath and the McGrath Group are in negotiation with Ulster Bank to purchase the €3.35 million debts of the Sammon Group. The group has also provided assurances that it will provide additional funding of €2.15 million to help keep the company’s head above water as ...