Taxpayer set to receive nothing from sale of Quinn's businesses

The manner in which the massive €1.3 billion debt attached to the Quinn family manufacturing empire was restructured means that the taxpayer-owned IBRC gets nothing from any sale.

13th July, 2014

The manner in which the massive €1.3 billion debt attached to the Quinn family manufacturing empire was restructured means that the taxpayer-owned IBRC gets nothing from any sale, an individual involved in the restructure has told The Sunday Business Post.

''Under no circumstances that I know of will Anglo get money out of this that I can see, he said. ''There is no way Anglo will benefit from the sale of the business.

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