The sale of Irish insurer Quinn to US insurer Liberty Mutual should be completed on 7 October, the Irish Times reports.
Joint administrators Michael McAteer and Paul McCann told the High Court yesterday that the company had returned to profitability.
Profit before tax for the first half of this year came in at €24m, the administrators told the court.
Quinn Insurance made an operating loss of €644m in 2009.
While the sale is expected to go through on 7 October, the administrators told the court that it would not be possible to finalise certain regulatory and operational matters by that date.
