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Mon 12 Dec 2008Clare businessmen defy the gloom and sell firm for €25m

IN DEFIANCE of the gloom overshadowing the business world, three Clare businessmen have agreed to sell their Ennis-based customer loyalty rewards company, Loyaltybuild, for €25 million to an American group, Affinion.

It is understood that founder and chief executive Dominic Considine, businessman Seán Lyne and financier Domhnal Slattery will receive half of the proceeds up front.

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