Deal agreed for Sunday Business Post

Corporate finance firm Key Capital and former Irish Daily Star managing editor Paul Cooke have agreed a deal to buy the Sunday Business Post.

It is believed the pair hammered out a heads of agreement with the examiner, Michael McAteer from Grant Thornton, on Thursday night. The deal still has to be accepted by creditors and the High Court.

The Sunday Business Post has been in examinership since its parent company, Thomas Crosbie Holdings (TCH), went into receivership on Mar 6. Protection from the High Court, as part of the examinership process, runs out next Friday.