Monday November 30, 2020

A €1.4bn offer on the table for Kentz: So who would win from sale of Co Tipperary company?

Kentz management set for big payday if buyout goes ahead

Barry J Whyte

Chief Feature Writer

29th June, 2014
Chris Brown, chief executive, Kentz Group.

The management and staff of Thurles-headquartered oil services company Kentz will share a windfall of about €122 million should the proposed acquisition of the company by SNC-Lavalin be ratified by shareholders.

Directors and managers at the company have a 6.7 per cent shareholding in the company, worth around £76.5 million, or €96 million, under the terms of the SNC-Lavalin offer.

Meanwhile, the Kentz Corporation Employee Benefit Trust has a 1.82 per cent holding in the company,...

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