Family stake in Broderick’s slashed to 25%
State-backed investor BDO now holds remaining 75% of Dublin confectionery maker, following two years of steep trading losses
The family behind Dublin confectionery maker Broderick’s has had its stake in the business slashed following two years of steep trading losses.
State-backed investor BDO Development Capital Fund moved to protect a €6.35 million investment after losses hit just over €4 million in 2018.
The Broderick family’s 100 per cent ownership has been reduced to 25 per cent, with the BDO-led fund holding the remaining 75 per cent. It was written into the company’s...
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