31/01/2013

Bullet Sent To Lagan Group Chief Executive

The chief executive of the Lagan Group has received a bullet in the post.

Addressed to Kevin Lagan a note accompanying the bullet made reference to Lagan Group's recent discussions about a possible joint venture with Quinn Building Products.

Police are now investigating what Mr Lagan has said is an attempt to intimidate him and the company.

Lagan Cement Group recently signed a memorandum of understanding with Quinn Building Products that may lead to a joint venture (JV) between the two groups.

They would combine their cement and building products businesses based in Ballyconnell, Derrylin, Kinnegad, Belfast, Cork and Benelux.

The Quinn Group, which was previously owned by Fermanagh businessman Sean Quinn, was taken over by a consortium of banks in April 2011.

Mr Quinn was later declared bankrupt with debts of £2bn euros.

There have been a number of attacks on Quinn Group property since new management took over the company in 2012.

(H)

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