Sunday 23 October 2016

Little change in Siteserv register


A list of Siteserv shareholders in the period before its main assets were sold in 2012 has been opened up for inspection by journalists.

The largest stakes in the business appear to have remained largely unchanged for well over a year before the company was sold in 2012.

Siteserv shareholders controversially shared a €4.96m payment at the time of the sale, despite state-owned lender IBRC having to write off debts of €105m owed by the business. The bank received €40m from the sale.

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