Dunne ready to sell Jurys stake

JURYS DOYLE is set to disappear from the stock exchange after property developer Sean Dunne said he would sell his 28% stake to the hotel group’s majority shareholder yesterday.

Yesterday’s announcement means JDH Acquisitions, the consortium headed by the Doyle family that has control of around 56% of the company, will be able to bring its stake over the magical 80% figure needed to force through a vote to take the company private.

Mr Dunne said his company, DTC Construction Services, would sell its €350 million stake at a profit of around €20m.