Wednesday October 21, 2020

Is BoI a new year banker?

The government may never have a better opportunity than the early months of 2014 to get a good price for its shareholding in Bank of Ireland

8th December, 2013
Richie Boucher, chief executive Bank of Ireland.

The government's disposal of its €1.8 billion preference shareholding in Bank of Ireland last week has cleared the way for the eventual sale of its 14 per cent ownership stake in the bank - the last vestige of five years of state support, and a valuable asset in the National Pension Reserve Fund's investment portfolio.

The multi-stage exit deal, completed last Wednesday, saw Bank of Ireland raise €580 million in a stock placing followed by the...

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