Siteserv dismisses claims it ignored rival bid

Dublin-based construction services group Siteserv has described as “spurious and vexatious” the claims that an international rival was ignored as a potential bidder for the firm.

Siteserv was recently put up for sale in a bid to solve its mounting debt problems and, last month, agreed terms for a sale to Millington — an acquisition vehicle headed by Denis O’Brien.

The Irish building services group’s shareholders are due to vote on the proposed €45m takeover tomorrow, although the deadline for proxy votes fell yesterday.