Shareholders at troubled stockbroker Davy are reported to be divided over the sale of the business.

The Sunday Business Post says shareholders still working with the group oppose any sale to private equity as they fear it may lead to the break-up of the business.

Xavier Neil, the French billionaire part-owner of Eir, received €150 million in dividends following the sale of the group’s mobile telephone pasts last year, the Sunday Times reports. Iliad, a company in which Neil has a controlling 71 per cent stake will have received a further €142 million from the deal. Eir also paid an €80 million dividend to shareholders in September 2019.

Read more/Source: The Irish Times