Providence Resources - Sunday Times - ACC Bank, a bank creditor...

ACC Bank, a bank creditor of embattled former billionaire Sir Anthony O’Reilly, has told the stock exchange that it has “a notifiable interest” in almost 6% of Providence Resources, the listed oil and gas explorer.

In a stock market announcement filed last week, ACC Investments, a subsidiary of ACC Bank, said it had an interest in 3.8m ordinary shares of Providence Resources, or 5.9% of the company.

The statement does not make clear whether the shares are held directly or as security.

ACC Bank, which is part of Dutch bank Rabobank, declined to comment on the announcement. A spokeswoman for Providence Resources said the company was unaware of any disposal of shares. “We have received no notification of any reduction in shareholdings,” she said.

On Friday, its website issued an updated shareholder list that showed O’Reilly remained the largest shareholder, with a 15.45% holding. ACC Investments is now listed as