Business Irish

Saturday 16 December 2017

Peter Quinn


BROTHER and business partner of beleaguered tycoon Sean, Peter Quinn runs his own business development firm. After graduating in 1964 from Queen's University, Belfast, the Co Fermanagh native worked as a clerk for some years. He went on to lecture in business.

He managed a quarrying firm in Galway for a spell in the Seventies. A qualified accountant, he worked for many years as a self-employed adviser.

As GAA president from 1991 to 1994, it was he who laid the groundwork for the €200m Croke Park revamp.

He helped build up the Quinn Group that Sean started out of a quarrying business on the family farm, into a sprawling multibillion-euro empire with interests in everything from concrete, to hotels, to windfarms.

Peter has run the property portfolio and been part of the main financial expertise at the group. Subsidiaries and investments stretch to Russia, Cyprus, Turkey and India.

Though he stepped down from the board last year, he continued to manage the group's property interests.

He is MD of Peter Quinn Consultancy Services, an Enniskillen-based company he started in 1994.

Investments over the years have included several media ventures, such as in GAA star Liam Hayes's Ireland On Sunday newspaper and Gazette Group, and the Belfast Media Group, which has a stable of local titles in the North, and Irish-American weekly the Irish Echo.

He is chairman of TG4 and of a €25m government community investment fund called the National Social Finance Foundation.

Ten days ago Anglo Irish Bank seized control of Quinn Group in a bid to secure repayment of some €2.88bn owed by Sean Quinn, and appointed a receiver.

Sunday Indo Business

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