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Ireland to buy majority stake in Bank of Ireland

  • 23-11-2010 11:18PM
    #1
    Blatter
    Closed Accounts Posts: 12,832 ✭✭✭✭


    Just heard on Sky News, information is filtering through, should know more sooner rather than later.


Comments

  • #2
    oppenheimer1
    Closed Accounts Posts: 6,084 ✭✭✭oppenheimer1


    SOCCER4LIFE wrote: »
    Just heard on Sky News, information is filtering through, should know more sooner rather than later.

    RTE scooped that earlier, in addition the govt are to take a 99.9% stake in AIB. They are to be recapitalised to 12% and parts of their loanbook will be sold off with a loss sharing arrangement with the Govt. All non core business will be sold. Following the process the banks themselves will be disposed of. EBS is to be quickly sold soon.

    Something I didn't notice was any talk of mergers.


  • #3
    Mac daddy
    Registered Users, Registered Users 2 Posts: 2,942 ✭✭✭Mac daddy


    The just mentioned it on TV3 a sec ago as well.


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