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Thu 01 Jan 2010EMPG expects $600m from restructuring plan
EDUCATION MEDIA Publishing Group (EMPG), the heavily indebted e-learning company led by Cork businessman Barry O’Callaghan, is undertaking a major financial restructuring that could see $600 million (€413 million) in new working capital being injected into the business.
This will change the shareholder structure and could leave Irish private investors, who between them currently control 5.5 per cent of EMPG, owning little or nothing of the business.
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