Siteserv sale carried out 'in good faith' but based on 'misleading and incomplete information' 

The Government has today published the report of the Commission of Investigation into the Irish Bank Resolution Corporation's sale of Siteserv to Millington

As part of that deal, IBRC — which succeeded Anglo Irish Bank — wrote off €119m of Siteserv's €150m debt pile. Picture: ollingNews.ie

The controversial sale of the Siteserv company to businessman Denis O’Brien in 2012 was carried out “in good faith” but based on “misleading and incomplete information” a 1,500-page report has stated.

The report of the Commission of Investigation into the Irish Bank Resolution Corporation’s (IBRC) sale of Siteserv to Millington, a company owned by Mr O’Brien, for €45m 10 years ago, was published by the Government on Wednesday.