Carroll’s woes hit share values

THE financial woes of developer Liam Carroll have hit the share values of two publicly quoted Irish firms whose shares he may have to offload to meet his debts.

Greencore and Irish Continental saw their shares fall sharply following weekend reports that Carroll may be forced to sell his significant minority stakes in the two companies to meet some of his outstanding €131 million debt to ACC Bank.

Mr Carroll has substantial minority stakes in the companies, which he bought into for their property potential during the boom years.