The wife of Cairn Homes co-founder Alan McIntosh has acquired the bulk of the couple's shareholding in the listed company that they originally held in a partnership investment vehicle. Read MoreThe purchase, which cost nearly €28m, makes her one of Cairn's largest shareholders with a 4.39pc stake in the housebuilder. Read MoreEmerald Everleigh acquired 10m shares via a secondary placing in April 2019 at a price of €1.34 per share. The vehicle sold more than three times that amount to Ms McIntosh at €0.85, meaning the partnership booked a loss on the transaction. Cairn hit a low of €0.62 in March when stocks sold off amid the global spread of the novel coronavirus.

Source: Irish Independent October 24, 2020 03:56 UTC