Sign up to The Irish Times Archive (1859 - 2008)My Account »

Tue 08 Aug 2009Ulster Bank moves on Carroll shares to secure loans

ULSTER BANK has moved to block any sale by property developer Liam Carroll of over half his 29.5 per cent stake in food group Greencore.

The manoeuvre by Ulster, owned by Royal Bank of Scotland, comes ahead of a crucial High Court hearing on Thursday at which Mr Carroll will make a new application for an examinership of his Zoe group companies.