Irish Life to be taken into full State ownership

The Government has abandoned its intention to complete an early sale of Irish Life and will instead inject €1.3 billion into the company and take it into State ownership, according to the EU's winter review.

1st March, 2012
Irish Life to be taken into full State ownership
{ }

The Government has abandoned its intention to complete an early sale of Irish Life and will instead inject €1.3 billion into the company and take it into State ownership, according to a European Commission document on Ireland's finances.

The Commission’s winter review document says that the Irish authorities have revised their strategy to complete ILP's recapitalisation. It suggests that the Government has committed to restructure the business and take Irish Life fully into state ownership...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago