O’Brien to buy Siteserv for €45m

Media owner and investor Denis O’Brien hasreached agreement to buy Dublin-based infrastructure support services group, Siteserv for €45.42m.

The board of the company said yesterday it had reached provisional agreement, pending shareholder approval, to sell to Millington, an acquisition vehicle headed up by the telecoms entrepreneur.

Mr O’Brien’s name cropped up last weekend as a potential suitor for Siteserv. Earlier this week, the group’s management confirmed it was in advanced discussions over its ownership, without naming the interested party.