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26May94 REPUBLIC OF IRELAND: KENTZ SETS JUNE DATE FOR RETURN TO TRADING.

Troubled Irish construction giant Kentz is to be resurrected on June 9 when it is released from court protection after a vital cash injection.The Irish High Court was told this week that a group of three private investors - led by ex-Renong employee Lee Tok Fook - will invest £6.75 million in M F Kent International and eight other companies in the Kentz Group.It is understood that the Kentz group will now be controlled through the Channel Islands holding company Pinacere and that the investors will own a 60 per cent stake.Ministerial approval had to be sought for the deal to go through.The court was also told that there is 'no question' of the investors pulling out at this stage.Payments to creditors are expected to start on June 30.The companies saved following the collapse of the Kentz group are: labour supply firm Europlan, services contractor M F Kent and Company, civil engineer Mahon McPhillips, Kent Properties, Guy Properties and Venice Enterprises, Clonmak, and Holidair. CONSTRUCTION NEWS