Tony O’Reilly sells off assets worth €35m to repay loans
Tycoon offloads further stake in Independent News & Media, as asset sell-off escalates
Former billionaire Tony O’Reilly has raised €35 million from asset sales as he seeks to repay his extensive borrowings since his lenders moved on him last year.
Last week, a further chunk of his stake in Independent News & Media was offloaded.
According to regulatory filings, the vehicle through which O’Reilly held his INM shares, Indexia Holdings, reduced its holding in the media group to 3.6 per cent from 5 per cent.
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply