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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 11 months ago

The Daily Briefing

The Daily Briefing