O'Brien increases Independent stake

Updated: 17:20, Tuesday, 8 May 2007

Businessman Denis O'Brien has increased his stake in Independent News & Media to 7.28%.

1 of 1Denis O'Brien - Estimated stake in Independent News & Media now €200m
Denis O'Brien - Estimated stake in Independent News & Media now €200m

Businessman Denis O'Brien has increased his stake in Independent News & Media to 7.28%, according to a statement to the stock exchange.

Dr Tony O'Reilly and his family own just under 27% of the group.

The company is valued at €2.8bn, making Mr O'Brien's stake worth more than €200m.

The group publishes the Irish Independent, Evening Herald and Sunday Independent titles in the Republic.

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