Aldersgate out of Jurys race

21 September 2005
Aldersgate out of Jurys race

Another contender has fallen in the race to win control of the Jurys Doyle hotel group.

The Irish Takeover Panel has barred Aldersgate Investments from making another bid for the company.

Aldersgate, owned by the billionaire Reuben brothers, had been a major backer of Precinct Investments.

However, despite securing a new backer in addition to Aldersgate after Anglo Irish Bank withdrew its support for a €1.1b (£750m) deal last month, Precinct announced at the end of August that it was ending its chase for Jurys.

The Reuben brothers were thought to be in with a shot at launching their own bid, but the Irish Takeover Panel has now decided that their involvement with Precinct amounted to a co-offer at the time.

It means Aldersgate may not make a bid for Jurys for a year and has been removed from the offer period disclosure list.

By Chris Druce

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking