Any Other Business: free labour at tech summit; An Post weighs Lotto options; Celia Larkin’s risk-free offer; and spotlight on Hammerson assets
He denied that being turned down as DG had prompted him to leave Ireland. A headhunter approached him about the Ofcom job, and the selection process was “mercifully quick” in comparison to RTÉ’s, he said. “I couldn’t have gone through the director general ordeal again,” he told the Mail.
With tickets costing €335 plus VAT, which brings the total to €412.05, you’d want to be getting many such opportunities. That’s a short-term discount, by the way – the usual price is €435. The Canadian pension fund, which owns 76.8 per cent of PLI, wants out, and Allwyn, Europe’s biggest lottery group, is the likely buyer. The remaining 24.1 per cent shareholding is split between An Post and An Post Pension Funds, which are in a “drag and tag” arrangement. This means that when the Ontario pensioners sell, An Post can be forced to offload its stake too.
It might even be half that, since Allwyn seems to be the only prospective purchaser. Having to take a writedown on its carrying value of €30 million would certainly be an unfortunate end to An Post’s lottery winning streak.While Bertie Ahern is back in Fianna Fáil, and being tipped as a presidential candidate for 2025, his ex-partner Celia Larkin, or Cecelia as she is now known, is rejuvenating Limerick city centre.
Lighthouse, which has a 22 per cent stake, complains that the focus has shifted away from “its core proposition as retail REIT”, and suggests a sale of investments in value retail.
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