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Fyffes spin-off makes market debut

Share trading in property company Blackrock International Land began on Dublin's IEX and London's AIM markets this morning.

Blackrock was spun off from fruit distributor Fyffes and has a portfolio of 30 properties worth around €200m.

Fyffes shareholders will have a 60% stake in Blackrock, with Fyffes holding the remainder.

Shares in the company closed two cent lower at 40 cent in Dublin this evening, after its first day of trade.