Tuesday September 22, 2020

Central Bank relaxes stance on Anglo-Liberty bid for Quinn

The Central Bank looks set to allow a controversial bid for Quinn Insurance by Anglo Irish Bank and US insurer Liberty Mutual to go ahead after opposing the bank’s role in such a deal for the past year.

19th March, 2011
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The Central Bank looks set to allow a controversial bid for Quinn Insurance by Anglo Irish Bank and US insurer Liberty Mutual to go ahead after opposing the bank’s role in such a deal for the past year.

The bid, which would see Anglo finance a Liberty takeover of Quinn, is one of two being considered by administrators appointed to the stricken Cavan-based insurer at the request of the Financial Regulator in March...

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