Mushroom holding company is valued at over €87 million

The Commercial Court has valued the company behind Monaghan Middlebrook Mushrooms at nearly €90 million, arising out of a legal action taken by Donegal Investment Group (DIG).

DIG is a minority shareholder in Elst, the holding company of the mushroom business created out of the merger of Carbury Mushrooms and Monaghan Middlebrook Mushrooms.

Legal representatives of DIG are alleging that it is being excluded from the affairs of Elst by the major shareholder, ...