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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago