Business

Thursday 8 December 2016

Greencore offer goes unconditional

TAKEOVERS

Published 24/09/2011 | 05:00

Greencore's €125m acquisition of UK convenience food group Uniq went wholly unconditional yesterday after more than 98pc of valid acceptances had been received for the deal by lunchtime. Greencore said that the UK's Office of Fair Trading also notified it yesterday that it did not intend to refer the acquisition to the Competition Authority. Uniq shares will also be delisted from London's Alternative Investment Market around October 24.

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BoI settles with junior bondholders



BONDS

Bank of Ireland has said that subordinated bondholders owed £29.1m (€33.3m) have agreed to sell their debt back to the lender. The Dublin-based bank made the offer on August 24 to the group of bondholders owed £75m.

Spain to sell stake in state-run lottery



ASSET SALES

Spain has given the green light to sell off a third of the state-owned company that runs the national lotteries and raise a reported €7bn as the country grapples with debt woes and anaemic growth. Yesterday news reports in Spain said the sale of 30pc of Loterias y Apuestas del Estado would create one of the country's largest companies as measured by market capitalisation.

Meg Whitman takes the helm at HP



appointment

Hewlett-Packard has named former eBay chief Meg Whitman as its new president and chief executive officer, replacing Leo Apotheker at the helm of the world's biggest computer maker. Whitman (55) stepped down in 2008 at eBay.

Building industry output slides again



CONSTRUCTION

THE latest figures from the Central Statistics Office show that the volume of output in the building and construction sector fell by 6.4pc during the months of April to June compared to the previous three-month period. Breaking down the figures, the CSO said that output in the civil engineering sector fell by 3.6pc, while the residential sector slumped by 7.2pc and non-residential building activity decreased by 3pc.

Irish Independent

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