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
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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...

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