Bank of Ireland closes in on €400m deal to buy Davy
Members of the Davy 16 group, who were involved in the Anglo Irish bond scandal, are set to share payouts amounting to around €170 million
Bank of Ireland is close to agreeing a deal to buy Davy, the Business Post can reveal.
Both sides are understood to be in the process of finalising the terms of the transaction which will involve Bank of Ireland acquiring Davy for a sum in the region of €400 million. Sources close to the negotiations between Bank of Ireland and Davy declined to comment when contacted by the Business Post this weekend.
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