Give IL&P shareholders first option, says chief of IAIM

Current shareholders in Irish Life & Permanent (IL&P) should be given the first option to buy shares in the life and investment parts of the business when they are sold in a public offering, according to the head of Ireland’s lobby group for institut

2nd April, 2011

Current shareholders in Irish Life & Permanent (IL&P) should be given the first option to buy shares in the life and investment parts of the business when they are sold in a public offering, according to the head of Ireland’s lobby group for institutional investors.

Frank O’Dwyer, chief executive of the Irish Association of Investment Managers (IAIM), told The Sunday Business Post that he believed a mechanism should be devised to...

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