Quinn family announce acquisition of Anglo shares

The family of businessman Sean Quinn announced today that they are in the process of unwinding their interests held in Anglo Irish Bank through Contracts for Difference (CFDs) and as part of this process individual family members are purchasing long holdings in the bank’s ordinary shares which will represent close to 15% of Anglo Irish Bank’s ordinary share capital.

Commenting on the move, the chairman of Quinn Group, Mr. Sean Quinn, said: "The family regards these shareholdings in Anglo Irish Bank as long term holdings with significant opportunity for capital growth over such a period.