Tedcastles to buy Fate Park for €12 million

The Tedcastles fuel business owned by the Reihill family has agreed to buy Fate Park, the Galway oil distribution company owned by businessman John Sweeney.

25th July, 2009

The Tedcastles fuel business owned by the Reihill family has agreed to buy Fate Park, the Galway oil distribution company owned by businessman John Sweeney.

Tedcastles has agreed to pay around ���12million for the Fate Park business, which went into examinership in late April after running into cashflow difficulties.

The deal is subject to approval from the firm’s creditors and the High Court.

Subscribe from just €1 for the first month!

Currency

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