Anglo seizes control of Sweeney assets

Anglo Irish Bank has taken possession of several properties and businesses from businessman John Sweeney, after he failed to have one of his firms put into examinership.

Ian Kehoe - avatar

Ian Kehoe

13th February, 2010

Anglo Irish Bank has taken possession of several properties and businesses from businessman John Sweeney, after he failed to have one of his firms put into examinership.

The bank, which is owed about €50 million by the Galway businessman, has seized control of a 30-acre site in Galway and a petrol station. It has also effectively taken possession of Sweeney’s 33 per cent stake in the Shelbourne Hotel in Dublin.

The bank has installed...

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