McConnells buyer won’t take on debts

The new owner s of the McConnells advertising agency are not taking on the multimillion-euro debts of the company as part of the deal, according to sources close to the takeover.

17th April, 2010

The new owner s of the McConnells advertising agency are not taking on the multimillion-euro debts of the company as part of the deal, according to sources close to the takeover.

Rival agency DDFH&B has bought the assets and goodwill of McConnells, but will not assume the firm’s considerable debt, the source said. It is unclear what impact the arrangement will have on media owners which may be owed money by McConnells....

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