Friday 23 February 2018

Anglo to wind up 20 dormant firms


Laura Noonan

ANGLO Irish Bank has advertised for a liquidator to formally wind up at least 20 dormant companies. The bank is also seeking "removal service providers" to help the bank complete its restructuring.

Both tenders were published earlier this week and came as Anglo Irish Bank and Irish Nationwide executed their recent merger into Irish Bank Resolution Corporation (IRBC).

The liquidation tender said the bank wanted to hire one or more liquidators to initially assist with the liquidation of 20 dormant subsidiary companies that have no assets.

A separate tender showed Anglo also wanted to set up a panel of "approved removal services providers" to carry out a variety of tasks including "staff move, relocations, office and meeting room reshuffles and disassembling office furniture".

Both tenders have given interested providers until August 26, or next Friday, to apply for the contracts.

The bank declined to comment on the value of the tenders, but said they were about the €25,000 limit that mandates public tendering.

Irish Independent

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