Siteserv in advanced talks over ownership

Dublin-headquartered infrastructural support services group Siteserv, has confirmed that it is in advanced discussions over its ownership.

Reports over the weekend suggested that a consortium led by telecoms and media entrepreneur Denis O’Brien was interested in bidding €50m for the company.

Siteserv said earlier this year that it was talking with its chief lender, the Irish Bank Resolution Corporation, ahead of the expiration of its existing debt facilities, due next December.