Construction News

19/06/2008

O'Flynn Takes Bigger Blackrock Step

Cork-based O'Flynn Construction has acquired a 13.96% shareholding in property company Blackrock.

A formal stock market notification has revealed that O’Flynn’s investment company, Rosecastle Ltd, now hold 81,414,000 ordinary shares in Blackrock, which spun off from Fyffes in 2006.

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Owned by brothers John and Michael O’Flynn, O’Flynn Construction, first purchased a 9.2% stake in Blackrock last year.

Despite recent market changes, Blackrock has stated it is well positioned to face the current environment, with a geographically diverse portfolio, that matches its sector.

(PR)

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