Liquidator for Quinn holding firm

A liquidator has been appointed to the former holding company behind Seán Quinn’s global business empire.

The decision by the Irish Bank Resolution Corporation to liquidate Quinn Group (ROI) was roundly condemned yesterday by Mr Quinn’s four daughters.

A new holding company, Quinn Group Holdco, has been set up to take control of the group. Receiver Kieran Wallace has replaced Mr Quinn’s wife, Patricia, and the five Quinn children, as the shareholders in the group. The decision means that the Quinn Group,previously owned by the five adult children of the bankrupt businessman, will cease to exist.