Oireachtas Joint and Select Committees

Wednesday, 10 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Quinn Insurance and Insurance Compensation Fund: Discussion

3:50 pm

Mr. Michael McAteer:

There are a number of key assets which we plan to dispose of this year. We have already disposed of the hotel in Cambridge, which came to £35 million. This week, we retained agents for hotels in Krakow and Sofia with a view to selling them in 2013, one in the first quarter and the other in the second. There are other assets coming to €5 million which will be disposed of in an orderly manner during 2013 and 2014. The largest single asset is a wind farm in Derrylin which we are planning to dispose of in the last quarter of 2013.

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