Martin Walsh, the man behind the Walsh Pharmacy group (and the guy I used to work for all those years ago) has sold his chain of 15 shops in Cork and Tipperary to Uniphar; a deal which is believed to be worth between €50m and €55m.
Martin, who holds a 70% share in the group, pockets a cool €38m from the transaction. His wife, with 5%, gets around the €2.1m mark, while his parents earn their 25% shareholding.
All 155 staff will be retained by UniPhar.
So, €50m in the back pocket: I’d already be living it up in Monte Carlo (or have spent it all on cocaine and hookers)
This entry was posted by Ryan on July 3, 2004 at 8:05 pm, and is filed under Irish. Follow any responses to this post through RSS 2.0.
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