Tuesday March 31, 2020

Anglo Irish may not have to disclose details of Quinn loan

Anglo Irish Bank may avoid being forced to disclose details of the loan that it granted to Sean Quinn ahead of the Fermanagh billionaire’s move to acquire a 15 per cent stake in the bank, under provisions contained in stock exchange disclosure rules.

26th July, 2008

Anglo Irish Bank may avoid being forced to disclose details of the loan that it granted to Sean Quinn ahead of the Fermanagh billionaire’s move to acquire a 15 per cent stake in the bank, under provisions contained in stock exchange disclosure rules.

The exchange’s rules governing related party transactions, which set out safeguards that ‘‘are intended to prevent a related party from taking advantage of its position and also to prevent any perception...

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