Assets may be sold to refinance debt

PROPERTY developer Liam Carroll may sell assets including his stakes in Greencore Group and Irish Continental Group to help refinance more than €1bn in debt, the Sunday Business Post reported yesterday, without citing its source.

Mr Carroll has told his main lenders, which include Allied Irish Banks and the Irish unit of HBOS, that he has identified assets he could sell, the Post said.

Mr Carroll sought court protection from lenders over his debts last week, the newspaper reported.