New owner may break up INBS

There is strong speculation that the future owners of Irish Nationwide Building Society (INBS) will move to break up the business shortly after any deal is closed.

20th October, 2007

There is strong speculation that the future owners of Irish Nationwide Building Society (INBS) will move to break up the business shortly after any deal is closed.

Industry sources said it would be most likely that the current groups considering a bid for the building society - believed to include GE Money, the Icelandic Landsbanki and a Derek Quinlan-led consortium - were lining up prospective partners who would get involved with the society’s residential mortgage...

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