QUINN Group

The QUINN group is a business group headquartered in Derrylin, County Fermanagh, Northern Ireland. The group has ventured into cement and concrete products, container glass, general insurance, radiators, plastics, hotels, and real estate. It was formed Seán Quinn in 1973, developing from a small quarrying operation in Derrylin into a large organization, employing over 8,000 people in various locations throughout Europe.

Since 2004, the Group saw great expansion throughout Europe, with radiator and plastic manufacturing plants in the United Kingdom, Germany, Belgium, France, Spain and Slovakia. The QUINN group property portfolio also includes hotel and business centres in Poland, Bulgaria, Ukraine, Turkey, and Russia. Its first venture into the cement industry was in 1989. The commissioning of its first container glass plant was in 1998. The acquisition of the health insurer, Bupa Ireland, took place in 2007.

On 30 March 2010, following an application by the Central Bank of Ireland, the High Court appointed joint provisional administrators to Quinn Insurance Limited.

In April 2011, a share receiver was appointed to Anglo Irish Bank (to which the Quinn Group owe over €2.8 billion), who took control of the Quinn family’s equity interest in Quinn Group. Sean Quinn and the Quinn family no longer have any role in the management, operations or ownership of the Quinn Group. Seán Quinn was declared bankrupt in the Republic of Ireland on 16 January 2012.

Read more about QUINN Group:  Financial Situation, Financial Uncertainty in Early 2010

Other articles related to "quinn group, group, quinn":

Seán Quinn - Overseas Business
... The Quinn Group had expanded into the hospitality industry overseas, with hotels in the Czech Republic, United Kingdom, Bulgaria and Poland ... The Quinn Group took control of the Prague Hilton, the largest five-star hotel in Prague, in 2004 ... The group also acquired the Hilton Hotel in Sofia, Bulgaria ...
Anglo Irish Bank - Controversy of Business Practices & Loans - Loans To Sean Quinn & The Quinn Group
... joint provisional administrators to Quinn Insurance Limited ... According to the Irish Independent, eight subsidiaries of Quinn Insurance provided guarantees of €1.2bn to cover Quinn Group's debts, prompting the regulator to seek the appointment of provisional ... In total the Quinn family is estimated to have €2.8 billion of loans from Anglo Irish Bank and the QUINN group has an additional €1.2 billion of loans ...
Seán Quinn
... John Ignatius Quinn, commonly known as Seán Quinn, is an Irish businessman and conglomerateur ... In November 2005 the Quinn Group, which was then privately owned by the Quinn family, was elsewhere estimated to be worth between €4 billion and €5 billion ... In 2007 the group made a pre-tax profit of £439m ...
QUINN Group - Financial Uncertainty in Early 2010
... the High Court appointed joint provisional administrators to Quinn Insurance Limited ... According to the Irish Independent, eight subsidiaries of Quinn Insurance provided guarantees of €1.2bn to cover Quinn Group’s debts, prompting the regulator to ... In total, the Quinn family is estimated to have taken out €2.8 billion worth of loans from the Anglo Irish Bank and the Quinn Group is responsible for an ...

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