Siteserv which owes €150m to Anglo is for sale …to Denis O Brien for €45m and a debt writedown of the rest of the money. So the taxpayer gets around €40m coz the shareholders or directors will cream off €5m for themselves first.
**It is NOT for sale to Altrad of France for €60m . ** which should increase the taxpayers take by 37.5% to €55m
IBRC do not appear to have any view on what is best for the taxpayer in this case. Why??