AIB invests €30m in Clune payments firm TransferMate
AIB has invested €30m in TransferMate in exchange for a small minority equity stake in the Kilkenny-based fintech company, the Sunday Independent has learned. The investment values the rapidly-growing international payments company at €250m to €300m, according to a source.
TransferMate – part of businessman Terry Clune’s Taxback Group – enables companies to transfer money internationally more quickly and for substantially lower fees than standard bank transfers. The two have also agreed a strategic partnership focused on providing Irish businesses access to the global payments technology platform. TransferMate has already transferred over €10bn to more than 100 countries since 2010 and secured a worldwide network of valuable regulatory licenses.
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Almac Group Receives Annual Industrial Award from the Institute of Chemistry of Ireland
Professor Tom Moody accepts accolade on behalf of Biocatalysis Team
Craigavon, N.I., 05 December 2017 – Almac Group, the global contract development and manufacturing organisation is delighted to announce Professor Tom Moody, VP Technology Development & Commercialisation at Almac & Arran Chemical Company, has received the prestigious Institute of Chemistry of Ireland Industrial Chemistry Award 2017.
The Nama-backed sale of Carton House hotel and golf resort near Maynoothin Co Kildare was completed on Thursday with a closing price believed to be about €57 million.
The resort hotel was sold by the Mallaghan and Kelly families to Irish American businessman John Mullen.
Mr Mullen’s parents are from Co Mayo and this will be a personal investment and his first in Ireland. The 668-acre estate was put on the market in July with the consent of Nama. The 165-bedroom estate also includes two golf courses and extensive sports and spa facilities.