Sunday May 31, 2020

Cashflow problems force McEnaney to seek out buyer for stake in business

McEnaney Construction, the company behind the €200 million M1 Euro Park development, is seeking to sell a stake in the business in an effort to overcome cashflow difficulties.

7th March, 2009

McEnaney Construction, the company behind the €200 million M1 Euro Park development, is seeking to sell a stake in the business in an effort to overcome cashflow difficulties.

The company owes its bankers about €75 million, and is now looking for an outside investor to inject capital into the business in return for an equity shareholding.

It is also attempting to sell a number of investment sites, as well as elements of its commercial and...

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