Cairn Homes founders looking to sell 2.1% stake

Cairn Homes said on Tuesday that its three founders are looking to sell around 15.65m shares in the company, or a 2.1% stake.

Chief executive Michael Stanley and his brother Kevin - the chief commercial officer - along with co-founder Alan McIntosh, have appointed Goodbody as sole bookrunner.

At 0850 BST, the shares were down 3.1% to €1.71.