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15/07/2008
Quinn Owns 15% Stake In Anglo Irish Bank
County Fermanagh Businessman Sean Quinn and his family have announced they are in the process of converting their holdings in Anglo Irish Bank to reflect their long-term commitment to the investment. This will represent the family taking a stake of almost 15% in the bank.
Chairman of Quinn Group, Sean Quinn, said: "The family regards these shareholdings in Anglo Irish Bank as long term holdings with significant opportunity for capital growth over such a period.
"In recent years, we have been highly impressed with Anglo's ability to outperform the banking sector in terms of profit growth and we are confident this trend can be maintained over the longer term notwithstanding the current difficulties being experienced in international banking."
Based on last nights closing price of €4.36 a share the Quinn family's 15% in Anglo Irish Bank is worth just under €500m.
(GK/JM)
Chairman of Quinn Group, Sean Quinn, said: "The family regards these shareholdings in Anglo Irish Bank as long term holdings with significant opportunity for capital growth over such a period.
"In recent years, we have been highly impressed with Anglo's ability to outperform the banking sector in terms of profit growth and we are confident this trend can be maintained over the longer term notwithstanding the current difficulties being experienced in international banking."
Based on last nights closing price of €4.36 a share the Quinn family's 15% in Anglo Irish Bank is worth just under €500m.
(GK/JM)
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Quinn's Family Face Court Challenge Against IBRC
A challenge by businessman Sean Quinn's family to a claim they are liable to repay loans of over €2 billion to the former Anglo Irish Bank begins in the High Court in Dublin today. Mr Quinn's wife, Patricia, and his five children are claiming they are not liable to repay the €2.
Quinn's Family Face Court Challenge Against IBRC
A challenge by businessman Sean Quinn's family to a claim they are liable to repay loans of over €2 billion to the former Anglo Irish Bank begins in the High Court in Dublin today. Mr Quinn's wife, Patricia, and his five children are claiming they are not liable to repay the €2.
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