Saturday March 28, 2020

Carroll plans sale of plc shares

Property developer Liam Carroll has told his banks he plans to sell assets to generate cash to save large parts of his business from bankruptcy.

18th July, 2009

Property developer Liam Carroll has told his banks he plans to sell assets to generate cash to save large parts of his business from bankruptcy.

Carroll has told his main lenders, which include AIB and Bank of Scotland (Ireland), that he has identified property assets which he could sell. This may include his stakes in publicly quoted companies as he tries to raise cash to refinance more than €1 billion in debts.

The move comes...

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