Cement tycoons to invest €3m to rescue The Vaults

2nd September, 2018
Tayto park kingpin Ray Coyle was in the running to buy the Vaults

An investment company of the Lagan family is set to rescue The Vaults from examinership by investing €3 million in new capital in the venture. Joe Walsh, a court-appointed examiner to the business, wrote to creditors late last week to inform them of the new investment by the Lagans who beat a rival strong bid for the business by Tayto park kingpin Ray Coyle supported by shareholder Barry Kenny.

The Vaults is a new multimillion-euro...

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