Business Today: billionaire Niel moves for full ownership of Eir and the state of Irish football club finances

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French billionaire, Xavier Niel, the majority owner of Eir, photographed at his Paris office. Photograph: Emmanuel Fradin for The Irish TimesFrench telecoms billionaire Xavier Niel has set off on a path towards full ownership of Eir, as two US hedge funds begin to exit their investment in the former Irish telecoms. “We are starting to buy their shares,” Mr Niel told Joe Brenna in an exclusive interview with The Irish Times.

Eason, the Irish books and stationery retailer, has named the group’s former head of marketing Brendan Corbett as the new head of its so far this year, London Stock Exchange Group said on Thursday, despite a notable increase in the value of transactions in the first nine of months of the year. Deals involving a target company in the Republic soared to a six-year high in the nine months to the end of September to a total value of $20 billion .

‘It’s when you leave Ireland that you fully appreciate how big-hearted and generous in spirit Irish people are’

 

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