Media Bites

Sunday Independent

TELECOMS business Imagine is closing in on a large financial deal to help build out its wireless broadband network.

The company has been talking to a number of parties and a North American infrastructure fund has emerged as a frontrunner in the process, the ‘Sunday Independent’ understands.

Sunday Business Post

PLANS to offload tens of thousands of mortgages by a number of Irish banks are in jeopardy, with Fianna Fáil poised to invoke the confidence and supply agreement with the Government to block the sale of distressed mortgages to unregulated vulture funds.

Sunday Telegraph

THE owners of British Steel are betting on a miraculous rebirth of UK steelmaking, with plans to plough £100m into the company’s turnaround as it seeks to mount a fresh challenge to bigger foreign firms.

Private equity backers Greybull are in talks to raise tens of millions of pounds in fresh financing that will bankroll a radical modernisation of its creaking plants.

Sunday Times

Breedon Aggregates, an AIMlisted British construction materials company, is in talks about the possible purchase of all or significant parts of the Lagan Group, one of Ireland’s largest private companies.

Breedon and Lagansubsidiary Whitemountain already operate a successful joint venture in asphalt, and it is understood that the two companies are currently exploring a significant deepening of relationships. Lagan Group has annual sales of €395m.