Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Merrill Lynch went on to give a presentation and it's I think on page 41 of the core booklets ... it starts on page 41 gave a presentation a couple of days later. And on page 44 it talks about the equity and debt investors and this would be in the context of what they called "State protective custody", or nationalisation. And it says, "At Anglo the majority of equity and debt investors are Irish, UK and US institutional holders, but there are significant retail interests including a major shareholding by Sean Quinn." If Anglo were to be nationalised on that night, would Seán Quinn as a major shareholder have lost out substantially?

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