Goldman Sachs boosts holding in housebuilder Abbey

Gallagher family still main holder with nearly 75 per cent

Barry J Whyte

Chief Feature Writer @whytebarry
29th March, 2016
Charles Gallagher's Gallagher Holdings Limited remains the biggest shareholder in Abbey Plc Pic: Maura Hickey

Giant American investment firm Goldman Sachs has boosted its holding in Irish housebuilder Abbey plc to 4.57 per cent according to stock exchange filings.

At the current Abbey share price of €14.20, it values Goldman's stake in the company at just under €14 million.

Gallagher Holdings Limited -- the vehicle through which the Gallagher family maintains its shareholding in Abbey -- is still the clear majority shareholder in the company, with 74.66 per cent, or 16 million shares.

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