DAF trucks dealer in Cork alleges shareholder oppression

Patrick Ferriter and his son Stephen claim it involves plans to move sales of trucks from Cork to Dublin

In 2019, DAF Netherlands conducted a review of the Irish market and as a result DAF Netherlands and DDI adopted the position that DAF Cork would have to cease selling new DAF trucks with only DDI allowed to sell in Ireland, the court heard. File photo

Two shareholders and directors of a company which has sold DAF trucks for the last 35 years claim an attempt is being made to deprive them of the value of their €8m shareholding, it has been claimed in the Commercial Court.

Patrick Ferriter, who is also chairman of DAF Truck Services (Cork) and his son Stephen, who is managing director, claim it involves plans to move sales of trucks from Cork to Dublin-based DAF Distributions Ireland (DDI) Ltd.