O’Brien predicts a rocky ride for INM

THE chances of Independent News & Media (INM) reaching a successful outcome in talks over its €200 million bond by the May 21 repayment deadline are only “50-50”, according to high-profile shareholder Denis O’Brien.

Mr O’Brien was speaking during and after a half-day Fostering Entrepreneurship seminar at the Dublin offices of law firm, Mason Hayes & Curran, yesterday.

A long-time critic of the INM board, Mr O’Brien — who owns 25% of the group after sinking around €460m into it over the past few years — has recently attained board representation.