The Teeling brothers, Jack and Stephen, are behind the whiskey distillery of the same name, which was founded in Dublin’s Liberties in 2012. They sold an initial 40 per cent stake to Bacardi in 2017.
However, recent accounts for a company called Teelco Investments Ltd, through which the brothers restructured their holding in the distillery in February 2023, show that at the start of the year certain “investments in subsidiary companies” were valued at €74.6 million.AIB shareholder worries his holding may be too small for share buyback
The accounts note that the “remaining associate interest is subject to the terms of a put and call option agreement with the same acquirer”. The accounts also show that Teelco controls one investment property worth €3.3 million, giving it total financial assets of €33.1 million.