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Rumours continue over Jury's Doyle takeover

10 May 2005
Rumours continue over Jury's Doyle takeover

An approach to buy Ireland's largest hotel group Jury's Doyle has been made, it was confirmed today.

Although the group is currently valued at €882m (£602.5m), shares are rising steadily amid the rumours of a possible takeover.

Any offer for the 33-strong hotel group, which has properties in Ireland, Britain and the US, could now reach as much as €1b (£680m).

A spokesman for Jury's Doyle confirmed there had been no firm offer made as yet, but admitted: "There has been an approach which may or may not lead to a bid."

Any bid would need the support of key shareholders, four of which own nearly 30% of the equity.

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