Market Week

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21st March, 2009

* CH has said around 94 per cent of eligible shareholders have accepted the company’s two for seven rights issue offer. The company said it raised €1.28 billion, freeing up cash for the acquisition of rivals in the building materials and supplies sector.

* Credit rating agency Standard & Poor’s has dropped the Irish banking system from its second-ranked group of countries to its third. It said the main reason for the move was the...

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