Monday 18 December 2017

Greencore sells off €12.7m Dutch unit


IRISH food company Greencore has completed the sale of its Dutch-based convenience foods business, Greencore Continental to Convenience Foods Europe, a subsidiary of the investment firm Parcom Capital. Terms were not disclosed but the net asset value of Greencore Continental when the sale was announced last month was €12.7m. The Dutch unit, which supplies sandwiches, pizzas and chilled sauces, reported turnover of €58.2m last year and net asset value of €12.7m.

EBS bidders must submit fresh data


bidders for EBS have been asked to submit additional information on the proposals to the National Treasury Management Agency (NTMA), which plans to select a preferred bidder by the end of September. The four bidders are Irish Life & Permanent, private equity venture JC Flowers, tv3 owner Doughty Hanson and Cardinal Asset Management. The extra data is expected to be received in the next week.

Airlines say DAA is 'not listening'


A GROUP set up by the four main airlines using Dublin Airport has disbanded, claiming that neither the regulator nor the Dublin Airport Authority listened to them. The Dublin Airport Consultation Committee (DACC) was set up by Aer Arann, Aer Lingus, CityJet and Ryanair. A statement said the airlines told the Commission for Aviation Regulation and DAA that it had "no reason or purpose to continue" following the regulator's final decision to allow an increase on airport charges at Dublin Airport.

Engine explosion delays Boeing 787


AIRLINE manufacturer Boeing postponed delivery of the first 787 Dreamliner, already more than two years late, by several weeks after a Rolls-Royce Group engine blew up in testing. The first plane will now be handed over in the middle of the first quarter of next year, the Chicago-based planemaker said yesterday. Maiden customer All Nippon Airways said the delay was "regrettable." The failure disrupted plans to test fly the 787 this year, adding to delays caused by new materials, parts shortages and redesign work. The $17m Rolls-Royce Trent 1000 (€13.3m) blew up on August 2 on a test site in Derby, England, forcing the engine maker to shut the facility for repairs.

Irish Independent

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