Wednesday July 8, 2020

Husband-and-wife entrepreneurs plan new ventures after €327m sale of firm

Couple aim to reinvest payout from deal with Australian firm

17th November, 2019
Noel Moran and his wife Valerie Willis at their house in Navan, Co Meath. The couple are in line for a payout of up to €266 million Pic: Barry Cronin

Entrepreneur Noel Moran is eyeing up new opportunities in the financial services sector after landing a multimillion euro windfall last week.

Moran and his wife, Valerie Willis, are in line for a payout of up to €266 million from the sale of their Prepaid Financial Services Ireland Ltd (PFS) business to Australian firm EML Payments.

EML has agreed to pay a total of £281 million (€327 million) for the business, made up of an upfront...

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