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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