ENTERPRISE IRELAND INVOLVED IN QUINN TALKS - What will happen at Quinn Insurance following last week's High Court's decision on the application of provisional administrators to Quinn Insurance over and to ban the sale of insurance in the UK?
Seán Quinn has been strongly critical of the move, saying It jeopardised 5,500 jobs.
Over the weekend, the Taoiseach asked Enterprise Ireland - the agency charged with developing home grown Irish business - to become involved.
Enterprise Ireland chief executive Frank Ryan said the agency met Seán Quinn and Quinn senior management on Sunday. He said all interested parties were 'fully engaged' in an effort to resolve the situation as quickly as possible.
Mr Ryan said the focus of these efforts was on the cause of the current issue, of which the regulator's action was a consequence. He said 'time was of the essence'.
He said it was too early to say whether Quinn Insurance should be sold, or stay part of the Quinn Group.
Mr Ryan said Enterprise Ireland had invested around €2m in Quinn Insurance, mainly focused on the export side of the business.
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