Desmond to breach 30% Datalex level amid €25m share sale
Datalex, the travel retail software provider to airlines, launched a 25 million equity raise on Friday as it seeks to raise funding to repay expensive loans from its main shareholder, businessman Dermot Desmond, and ensure it has enough working capital.
Mr Desmonds IIU investment vehicle, who owns 29.8 per cent of Datalex, is taking part in the equity raise to the extent that it will see his stake breach the 30 per cent level that would ordinarily require the billionaire to make a full bid under…
