Magnier’s €100 million dividend

Coolmore mogul John Magnier received about €100 million in a special dividend from healthcare group Barchester after it completed a refinancing in 2006, based on information in the company’s share register in Jersey.

13th September, 2008

Coolmore mogul John Magnier received about €100 million in a special dividend from healthcare group Barchester after it completed a refinancing in 2006, based on information in the company’s share register in Jersey.

Magnier and his business associates, JP McManus and Dermot Desmond, were among the biggest beneficiaries from the €521 million dividend payout by the Barchester parent company after it made a €630 million profit on the disposal of properties.

The sale, to...

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