BoI seeks to halt sale of New Ireland
Bank of Ireland is preparing to ask the European Commission for permission to delay or cancel the forced sale of its life and pensions business, New Ireland Assurance.
Bank of Ireland is preparing to ask the European Commission for permission to delay or cancel the forced sale of its life and pensions business, New Ireland Assurance, according to insurance industry sources and market sources familiar with the sale process.
According to the sources, the bank's management is seeking help from the Department of Finance to put a case to Brussels that the disposal of New Ireland would come at too steep a discount...
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