February 13, 2025
Investment

Eason opens books for more investment


The book retailer Eason hired IBI Corporate Finance advisers earlier this year to sound out potential investors, writes Linda Daly.

The Sunday Times understands an investment memorandum was distributed to interested parties, but a formal sale process is not thought to have begun.

The Irish Times reported in September that Eason had written to shareholders advising them it would pay a €4 million dividend from its profits this year, and would spend €10 million on a share buyback scheme.

Eason is owned by 230 shareholders, the biggest of whom include the Eason family and the Brabazons, whose late father Kevin was a former managing director and chairman. Sharon McCabe, chief executive of McCabes Pharmacy, also has a small shareholding.

The company was valued at



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