The apparently never-ending struggle by Independent News & Media (INM) to reach a deal with its bondholders on the overdue payment of €200 million, is highlighting all kinds of pressure points both within and outside the company.
The biggest pressure is within. The row that was patched up with Denis O’Brien over the direction of the company may be resurfacing.
According to some reports, O’Brien is eager to play hardball with the bondholders,...
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