Move would allow firm to repay high-cost loans from Dermot Desmond
Datalex , the retail software provider to airlines, said on Thursday it plans to raise €25 million in the “early autumn” as it seeks to repay high-cost loans from its main investor, Dermot Desmond, and secure working capital to invest in growing the business.
Datalex’s chairman David Hargaden said ahead of the groups annual general meeting on Thursday that it is the board’s intention to launch a €25 million equity fundraising in the early autumn.
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