M/19/036 – IBRC/Slieve Russell & QFHU
Transaction details
The proposed acquisition of sole control of Slieve Russell Hotel Limited and Quinn Finance Holding Unlimited Company by Irish Bank Resolution Corporation Limited (in Special Liquidation) has been cleared by the CCPC.
| Notification date | Decision date |
|---|---|
| Monday November 18, 2019 | Monday, December 16, 2019 |
| Parties Involved | Business activities |
|---|---|
| Irish Bank Resolution Corporation Limited | Irish Bank Resolution Corporation Limited (IBRC) was constituted following nationalisation of Anglo Irish Bank Corporation Limited and Irish Nationwide Building Society. |
| Slieve Russell Hotel Limited | Slieve Russell Hotel Limited holds 100% of the shares in the Slieve Russell Hotel Property Limited, which owns and operates the Slieve Russell Hotel, a 4 star hotel located in Ballyconnell, Co. Cavan. |
| Quinn Finance Holding Unlimited Company | Quinn Finance Holding Unlimited Company was incorporated in 2006 and owns 100% of the shares in Quinn Hospitality Ireland Limited. Quinn Hospitality Ireland Limited owns a number of companies which own Public Houses and a Hotel property in Dublin. |
| Economic sector | Media merger |
|---|---|
| Real Estate | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Tuesday, December 3, 2019 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Tommy Burke | Tel: (+353)1 402 5503 E-mail: tommyburke@ccpc.ie |
Media enquiries: communications@ccpc.ie
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