Quinn Group Ltd Restructuring Completes


Following the recent sale of Quinn Insurance and the previous approval by the Creditors of Quinn Group to the Company’s proposals for a Financial Restructuring, the Company is pleased to announce that all relevant legal documentation was completed today and therefore the Restructuring has been fully implemented.

Commenting on the completion, Quinn Group CEO, Paul O’Brien said:

“The conclusion of the Restructuring represents the culmination of nearly two years’ complex negotiation and uncertainty for the Quinn Group. By permanently removing over €800m of debt burden and placing the manufacturing businesses on a sound financial footing, we can focus all our efforts on implementing our plans for the business.”

02 Dec 2011

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