Dáil debates
Wednesday, 6 May 2015
Sale of Siteserv: Motion [Private Members]
7:30 pm
Tom Fleming (Kerry South, Independent) | Oireachtas source
-----chaired the sub-committee. Siteserv external advisers recommended accepting the O’Brien bid. This went to the board of IBRC who agreed in double quick time that shareholders who had voluntarily backed the debt-ridden company got a payout of €5 million. The taxpayer got €40 million and a bill for €100 million when the remaining borrowings of Siteserv were written off.
I commend Deputy Catherine Murphy for the work she has done to unveil all this.
No comments