REVEALED: state vetoes Quinn deal amid Siteserv storm

Plus: British tycoon says he was ‘shut out’ of the bidding war for Siteserv

The Department of Finance has dramatically blocked the proposed peace deal between the Quinn family and the former Anglo Irish Bank, in the wake of the ongoing controversy about the bank’s sale of Siteserv.

The Sunday Business Post has learned that the Department of Finance has rejected the proposed deal. Negotiations between the bank and the Quinn family to settle a looming €4.5 billion court battle have now ended.

The department was unwilling ...