Teeling brothers put €60.5m-worth of shares into new company

Share swap move could make Teeling Whiskey worth nearly €150 million

New entity: Jack Teeling, founder and managing director, Teeling Whiskey, and Stephen Teeling, sales and marketing director, set up a new company called Teelco Investments. Picture: Naoise Culhane

The brothers behind the Teeling Whiskey company have transferred €60.5 million-worth of shares into a new corporate vehicle, in a move which could value the business at almost €150 million.

Jack and Stephen Teeling have set up a new company called Teelco Investments, and a recent filing shows that they executed a share swap for the majority of their holdings in the distillery.

According to the filing, the shares in the new entity were “allotted ...