Quinn set to sell large stake of supermarket empire

Fergal Quinn and his family are to sell a substantial stake in their Superquinn chain in a deal worth more than €350m.

The 67-year-old will stay on as part time chairman of the supermarket group, which he founded 44 years ago.

His family will keep about 20% of the company, while a group of private Irish investors will take up the other 80%.