A creditors’ meeting of Bio-Marine Ingredients Ireland will be asked to approve a rescue plan for the business on Friday that will see clients of Cantor Fitzgerald invest about €2 million into the company. The plan will see the chief executive of the company, Jason Whooley, leave the company with Paul Brady, the company’s former chief operating officer, becoming its new chief executive. Brady will be tasked with relaunching the company, which is a producer of speciality marine proteins, minerals and lipid powders. Despite the company’s current difficulties, its products continue to have international potential. A detailed rescue plan prepared…
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