Firm behind Topaz sues for €4.7m

The company behind the Topaz fuel and convenience store chain is suing a Dublin registered company for €4.7m over alleged failure to complete a share purchase agreement.

Kendrick Investments, an Isle of Man registered company which holds 99% of issued share capital in Topaz Energy Group Ltd (TEGL), says Circle K Holding Ireland Ltd, Earlsfort Terrace, Dublin, made a €1.8m payment as part of the overall €7m share purchase agreement but failed to pay €4.7m.

Kendrick is seeking judgment against Circle K for €4.7m and the case has been admitted to the High Court’s fast-track commercial division.