| 8°C Dublin

IL&P, consortium bidding for EBS

TWO bids were submitted for EBS Building Society yesterday. The lender is currently in state control and is up for sale. The bids have been submitted by Irish Life & Permanent and a consortium led by Dublin investment group Cardinal.

Greencore merger 'unlikely to happen'

A MERGER between Greencore and Northern Foods is unlikely to happen, according to Credit Suisse. The bank said a bid from tycoon Ranjit Boparan was "more likely than not" and would probably be in the 60-65p range.

Not too late to join Endeavour scheme

START-UP firms have until January 26 to enter the Endeavour business programme, with the potential to access funding and mentoring from some of Ireland's leading executives. The Endeavour programme was founded by Kerry entrepreneur Jerry Kennelly, Shannon Development and the Institute of Technology, Tralee.

Airlines launch new Edinburgh service

Aer Arann and Aer Lingus will launch a new Shannon-Edinburgh route from March 27. The service will be operated by Aer Arann as an Aer Lingus regional route under its franchise agreement with the former state-owned carrier. The Edinburgh service will operate five days a week.

Treasury China arm secures loan facility

A DIVISION of NAMA top 10 developer Treasury Holdings has secured a multi-million euro loan facility to refinance projects in China. Treasury Holdings Real Estate, Trustee Manager of Treasury China Trust (TCT), has announced a three-year, multi-currency loan facility of about €90m to refinance its Central Plaza asset in Shanghai, bringing to a conclusion a period in which TCT has finalised mandates worth over €338m and €171m to restructure its debt portfolio resulting in the funding requirements for its existing real estate portfolio being fully underwritten.

Irish Independent