first_imgCONTRACTORS working on behalf of Irish Water have pulled out of some housing developments in Castlefinn today after protests from residents.Some residents there were left angry on Friday night, with one family upset when they came home from work to find their driveway dug up.No-one from the contractors had spoken to them. In the past hour residents of several estates in the area have protested.“I just sent them packing from Sessiagh Park,” said local Cllr Gary Doherty who lives there.“The workers say they will not instal meters for those who don’t want them.”However residents in Emmet Park say their requests for meters not to be installed have been ignored. Contractors are also in Grahamsland and Hillhead.One angry resident there told Donegal Daily: “They won’t be digging up my drive. It is my property and they do not have permission to dig up my property; simple as that.” WATER METER CONTRACTORS PULL OUT AFTER RESIDENTS’ PROTEST was last modified: November 10th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:AngercastlefinnIrish Waterrowstand-offwater meterslast_img read more

Lonrho buys SA fish wholesaler

first_img“The acquisition by Lonrho of Fish On Line strengthens Lonrho’s fish division and provides Lonrho further access to and knowledge of the global wholesale fish market,” said Lonrho executive chairman David Lenigas in a statement this week. “Fish On Line brings strong synergies with Lonrho’s current retail-focused activities in the sector both in the African and global markets.” London-based Lonrho has acquired a 51% stake in South African seafood wholesaler and distributer Fish On Line for R3.5-million. Lonrho, a conglomerate that operates in 17 sub-Saharan African countries, recently secured a secondary listing on the JSE’s AltX. Lonrho has a primary listing on the London Stock Exchange, and has business dealings in agribusiness, infrastructure, transportation, hotels, and support services. Products handled by Fish On Line include prawns, salmon, pangasius, hake and kingklip. 17 June 2011 Fish On Line is based in Cape Town, South Africa, and operates bulk cold storage and fish processing facilities. The company operates as a wholesaler of quality seafood and imports and exports a wide range of seafood to and from global markets.center_img Retaining existing management The existing management of Fish On Line will remain in place to develop and grow the company and to add depth to the management expertise available to Lonrho’s seafood division. In addition, the transaction provides the sellers of the company with a “put option” to sell their remaining 49% stake to Lonrho after three years, at a purchase price of a six times Fish On Line’s profit before tax for the 2014 financial year end, capped at a maximum of R35-million. In the 12 months ended 28 February 2011, Fish On Line reported turnover of R66.4-million and profit before tax of R1.7-million. As at 28 February 2011, Fish On Line had gross assets of R24.4-million. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more