Early sale expected for Anglo and INBS deposits

The sale of €14 billion in deposits held by Anglo Irish Bank and Irish Nationwide is expected to move ahead as early as this week, writes Gavin Daly.

19th February, 2011

The sale of €14 billion in deposits held by Anglo Irish Bank and Irish Nationwide is expected to move ahead as early as this week, writes Gavin Daly.

Bank of Ireland, AIB and Irish Life & Permanent are among the bidders for deposits, which are being sold as the first step in the winding-down of Anglo and Irish Nationwide.

A private equity group led by Dublin-based Cardinal Capital, which is also in the running to...

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