Canada calling, but deal is far off

Even following Nama, any buy-in to Irish banks would only be likely on very attractive terms for the buyer, write Cliff Taylor and David Clerkin

15th August, 2009

One day we are reading about how our insolvent banks are in need of the National Asset Management Agency (Nama) bail-out. The next there is talk of an approach from a Canadian bank interested in taking a stake in AIB. But of course the two are not mutually exclusive. Everything has its price, and foreign investors would look at taking a stake in an Irish bank - but only post-Nama and only, given the travails...

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