Irish farmers owed millions by biggest livestock exp - leatherbiz: Lea Leatherbiz

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Irish farmers owed millions by biggest livestock exporter

28/11/2013
Farmers in Ireland have secured the return of cattle from the country’s former largest livestock exporter, which went into administration at the end of October.

Marts, cattle agents and farmers are believed to be owed amounts ranging from EUR 10,000 to EUR 300,000 by the family-run TLT International. Added to debts to banks HSBC and AIB, the total could exceed EUR 7 million, according to reports.

The business is thought to have run into trouble because the price of Irish cattle over the past two years increased faster than prices in Italy.

Two Irish live cattle exporters are believed to be talks about buying TLT’s assets.

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