Sunday 26 March 2017

US group JC Flowers to lodge EBS bid

Nick Webb

Nick Webb

US private equity firm JC Flowers is expected to lodge a firm bid for EBS, led by Fergus Murphy (above) before tomorrow's deadline.

The private equity firm is likely to be jostling for position with Irish Life & Permanent, Carlyle Group/Cardinal Asset Management and TV3 owner Doughty Hanson.

EBS needs to raise €785m to meet regulatory requirements. The Government has already injected €350m into the building society.

Sunday Independent

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