Sunday 19 February 2017

Private investors take €1.6bn stake in Bank of Ireland reporters

Published 25/07/2011 | 09:26

FINANCE Minister Michael Noonan has revealed that the state is sell a €1.12bn euro stake in Bank of Ireland to a group of unnamed private investors.

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The deal will reduce the amount of money that taxpayers will need to invest in the bank.

The private sector's stake in the bank will be a maximum of 37pc following a share sale this week, he said in a statement today.

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