Quinn on the verge of losing entire group
The Quinn family’s exposure to Anglo Irish bank, now running at €2.8 billion or more, is a colossal financial anchor weighing them down
As Seán Quinn steps down from the board of the Quinn Group to concentrate on his family’s external interests, it is becoming apparent that the industrialist has realised he is on the verge of losing, not just Quinn Insurance, but also the Quinn Group itself.
Quinn and his army of advisers have spent the past six weeks working the numbers.
Las t week’s decision to cede all executive responsibility in the...
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