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Irish Estates shares are up 46pc on market debut.
(From Irish Independent)
SHARES in Irish Estates Group, the largest property management company in the country, rose by 46pc yesterday after it began trading on the stock exchange's IEX market for small and medium-sized companies.
The shares ended the day at 1.90, up from their initial price of 1.30. The initial share price gave the company a market valuation of 50m, with the surge in the share price adding 12m to the valuation. Irish Estates was formed by Niall McFadden, when he bought Irish Estates, which manages properties on behalf of landlords, from Irish Life and merged it with Vector, which manages properties on behalf of occupiers.
Mr McFadden is understood to have paid 35m for the two companies. At the end of yesterday's ...
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...PRESSWIRE-16 March 2007-AXIOS SYSTEMS: Irish Life & Permanent deploys out-of...Management (ITSM) company, today announced Irish Life & Permanent, Dublin-based provider...adhere to ITIL guidelines. In 2004, Irish Life & Permanent approached the Help...
