Stakes rise at the Indo

Dermot Desmond may be buying shares in INM because he sees value in it, but his entry guarantees some colourful months of rivalry ahead, writes Samantha McCaughren.

12th February, 2012
Stakes rise at the Indo
Dermot Desmond: it is unclear what has lured him to INM's share register. Photo: PA

Independent News & Media (INM) has attracted the attentions of a number of high-profile, wealthy Irish businessmen over the past four decades, the latest of whom is Dermot Desmond. Exactly what has lured entrepreneur Desmond to INM's share register is unclear.

After all, the company is no longer the desirable newspaper powerhouse of the 1980s and 1990s. Burdened with debt and exposed to a weak Irish economy, it has found it increasingly difficult to court...

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