Project Chrysalis, the long mooted plan to demutualise the Irish Stock Exchange, has finally been activated, triggering a €26 million windfall for its six shareholders, all local stockbrokers.
Chrysalis, a rather Bond-like codename, involves the exchange moving from a not for profit to a dividend generating public limited company.
The exchange was quick to point out last week that nothing about the stock exchange's business would change, naturally, and the exchange continues to be regulated...
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