Gannon’s stake in K Club arouses interest

A number of private equity firms have expressed an interest in buying the 49 per cent stake in the K Club that property developer Gerry Gannon has put on the market.

Ian Kehoe - avatar

Ian Kehoe

24th April, 2010

A number of private equity firms have expressed an interest in buying the 49 per cent stake in the K Club that property developer Gerry Gannon has put on the market.

Sources said that European and Asian funds had signalled an interest in the share in the Co Kildare golf resort, which has an asking price of about €60 million. However, Gannon must get formal approval from businessman Michael Smurfit, who owns the remaining 51 per...

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