Bank of Ireland is telling institutional investors that it is reluctant to raise more equity capital early next year ahead of the European Central Bank stress tests, because management does not want to upset large shareholders, such as Wilbur Ross, Prem Watsa and the Irish government, by diluting their stakes, according to market sources.
In meetings in New York last week, members of Bank of Ireland's group treasury team told potential debt investors that they...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team