BoI holds talks with Middle East investment funds

Bank of Ireland has held discussions with a number of Middle Eastern sovereign wealth funds about their possible involvement in its forthcoming fundraising.

8th January, 2011
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Bank of Ireland has held discussions with a number of Middle Eastern sovereign wealth funds about their possible involvement in its forthcoming fundraising.

The bank must raise more than €2 billion to meet new capital rules, and any cash it can raise from private sources will reduce the likely future state shareholding in the bank.

Bank of Ireland’s discussions are p art of a wider move to attract Middle Eastern cash into the Irish banking...

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