Losses fall 86% at Quinn’s construction group after restructuring

Losses at the construction group established by Sean Quinn narrowed by 86% last year to €24m.

Losses fall 86% at Quinn’s construction group after restructuring
Tue, 29 May, 2012 - 01:00
Gordon Deegan

Quinn Manufacturing Group Holdco Ltd is today owned by the IBRC, syndicate banks, and financial investors following the restructuring of Quinn Group Ltd in Dec 2011.

Accounts to the end of Dec 31 last show losses at the manufacturing group fell sharply in 2011, from €177.5m to €24.5m.

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CourtsPerson: Sean QuinnPerson: Chief ExecutivePerson: Paul O’BrienPerson: Mark McTigueOrganisation: QuinnOrganisation: Quinn Manufacturing Group Holdco LtdOrganisation: IBRCOrganisation: Quinn Group LtdOrganisation: Quinn Insurance Ltd.
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