Nationwide hires Goldman Sachs for €1.5bn sale

Irish Nationwide is to appoint Goldman Sachs to handle the sale of the building society within the next ten days, has learned. The Sunday Business Post

6th October, 2007

Irish Nationwide is to appoint Goldman Sachs to handle the sale of the building society within the next ten days, has learned. The Sunday Business Post

The sale price will be over €1.3 billion and is likely to be closer to €1.5 billion, according to sources close to the process.

The Irish Nationwide Building Society (INBS) has a current book value of around €1.25 billion, an informed source said. But a strong performance in the...

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