Desmond investment scuppers Barlo MBO

Dermot Desmond has increased his stake in the Barlo group to 19.1%, effectively scuppering a management buyout of the company.

Desmond investment scuppers Barlo MBO
Mon, 15 Mar, 2004 - 14:55

Dermot Desmond has increased his stake in the Barlo group to 19.1%, effectively scuppering a management buyout of the company.

His investment vehicle IIU bought 2.1m shares at 42c on Friday, according to the Irish Stock Exchange today.

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