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Bert and Maurice Allen
Meat, Property
Rank 2017
36
Worth
€344m
Rise/fall
€2m
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.