Black Shore founder John Sweeney had teamed up with DCC, the quoted investment firm, in a bid to retain control of the group, which is nearing the end of its 100-day examinership period. However, the plan has been rejected by Anglo, which is owed €50 million by Sweeney and Black Shore.
Despite the Anglo decision, the firm’s examiner, Michael McAteer, is working on a plan to rescue parts of the group that are not financed...
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