One More Thing: Goodmans keep €500,000 property deal in the family

Companies connected with Louth-based businessman Goodman and his sons have agreed loan financing for modest investment property

Larry Goodman of Anglo Beef Processors (ABP). Photograph: Cyril Byrne
Larry Goodman of Anglo Beef Processors (ABP). Photograph: Cyril Byrne

No official confirmation yet of Larry Goodman’s Anglo Beef Processors (ABP) notifying competition regulators about its intention to acquire 50 per cent of Slaney Meats. ABP has said the notification will be forthcoming, so it shouldn’t be much longer.

Meanwhile, companies connected with Louth-based Goodman and his sons have struck a deal for loan financing for a modest investment property, according to company filings.

MGI Marketing, which is owned by the beef baron's son Mark Goodman, has agreed to lend up to €500,000 for a property purchase to Lorsden, a company whose directors are the father and Laurence Goodman jnr. It is controlled by a company based in Jersey, so it is impossible to tell from here who ultimately owns it.

Mark's company might be stumping up the cash for the deal, but he isn't ostensibly the property guy in the family. A meat man like his dad, he works as a senior executive in ABP, while Laurence jnr works in the property business through a housebuilding company called Urban Life.

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Larry snr, meanwhile, is a dab hand at both sectors. That’s why he is a millionaire.