Shareholders cash out of Insomnia as chain valued at €7m

Insomnia Coffee Company founders Derek Hughes, Brian Goff and Mark Duffy have sold their entire shareholdings in a deal that values the coffee chain at approximately €7million.

29th October, 2005

Insomnia Coffee Company founders Derek Hughes, Brian Goff and Mark Duffy have sold their entire shareholdings in a deal that values the coffee chain at approximately €7million.

The three individuals, who will each receive in excess of €910,000 for their combined 39 per cent stake, will sever their ties with the business.

The shares are believed to have been acquired by fellow shareholders John Clohisey, Harry O'Kelly, Chris Foxton and Bobby Kerr.

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