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Family control over Jurys Doyle

JDH Acquisitions was set up as a specific financial vehicule by the group’s late founder PV Doyle’s daughters Eileen Monahan, Ann Roche and Bernadette Gallagher, together with former chairman Walter Beatty and Elizabeth Nelson. This financial entity held already 41,9% of the hotel company Jurys Doyle, before launching a takeover bid for the first Irish hotel group, with 33 hotels and 7 400 rooms. The response to the bid allows JDH Acquisitions to insure already a majority control, close to 60%. Discussions are still going on with a large individual shareholder, Sean Dunne, holding 28% of the shares. He has not yet decided if he will accept to sell his stake or if he will launch himself a counter offer. He will be complied to do so if he raises his stake above 30%. The actual bid values the group at euro1.25 billion.

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