Topaz firm effectively settles over €4.7m sum

The company behind the Topaz fuel and convenience store chain has effectively settled its legal action against a Dublin-registered company over alleged failure to pay €4.7m to complete a share purchase agreement, the commercial court has heard.

The case has settled subject to a payment being made and could be adjourned on consent for mention in two weeks to facilitate that, Rossa Fanning SC, for Kendrick Investments, told Mr Justice Brain McGovern yesterday.

A hearing date could also be vacated, counsel added. The judge made those orders.