Watermarque Marketing Communications, the prominent marketing firm that ceased trading last week, participated in a series of financial transactions to help fund the buy-out of Doherty Advertising, a collapsed advertising agency.
Watermarque was at the centre of a series of complex transactions in 2001 which effectively saw the company take 20 per cent in Doherty, according to documents seen by The Sunday Business Post.
Six months later, the shareholders of Doherty took a 20 per cent stake...
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