| 5.5°C Dublin

Quinn on track for legal battle against sell of assets


Former billionaire Sean Quinn

Former billionaire Sean Quinn

Former billionaire Sean Quinn

Former billionaire Sean Quinn has vowed to continue his legal action against the sale of his assets by receivers.

The family of the ex-tycoon said it is still seeking to overturn what it called was the former Anglo Irish Bank’s “illegal takeover” Quinn companies.

Two of the most iconic pubs Dublin, once owned by the Quinns, have been listed for sale.

CBRE, the world’s largest commercial real estate firm, are instructed to sell the popular Quinn’s of Drumcondra and The Cat and Cage.

“The family’s proceedings against Anglo and Kieran Wallace (KPMG receiver) are listed for hearing in the Commercial Court next April,” the Quinn family said in a statement.

“The family seeks to overturn Anglo’s illegal takeover of the Quinn companies and unwind all actions taken since Mr Wallace’s appointment.

“The sale of any Quinn companies or company assets, which would compound the illegality, will result in the family vigorously pursuing the return of those assets.”

Separately a consortium of businessmen, including some executives from Quinn's defunct business empire, are acquiring two key units of the manufacturing arm of the former Quinn Group, now known as the Aventas Group.

Online Editors