Davy deal may prompt others

Davy deal may prompt others

Davy Stockbrokers hopes to be in a position to complete a €340 million management buyout (MBO) from Bank of Ireland before the end of the year.

Davy Stockbrokers hopes to be in a position to complete a €340 million management buyout (MBO) from Bank of Ireland before the end of the year.

The bank stated last week that it had received a conditional approach from Davy but there was no guarantee that a transaction would be completed.

But few people in stockbroking circles consider it anything but a done deal.

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