Bert and Maurice Allen
Bert Allen, 78, has long been considered one of Ireland’s most savvy businessmen. He and his brother Maurice, 74, proved this once again last year, selling their Slaney Foods, a giant Wexford meat processor, to Larry Goodman’s (qv) ABP Food and Britain’s Fane Valley, to give the new entity 26% of all cattle slaughtered in the Republic. Despite opposition from farmers, the deal won regulatory approval in October. The brothers owned 71.5% and 28.5% respectively of the processor and investment company and used its profits to build a property portfolio. They netted €200m when they sold their Bewley hotel chain to the Dublin-based Moran group in 2007. Other assets include a French hotel, a stake in Irish utility Gaelelectric, which is selling a significant portion of its assets to China General Nuclear Power Group, and a car park in Germany. Bertram Allen, 21, son of Bert, is a promising showjumper.