Friday September 18, 2020

Share slide may delay sale of Irish Nationwide

Michael Fingleton, managing director of Irish Nationwide, has said he would be prepared to delay the sale of the building society if the recent slide in the share valuations of Irish banks continues.

10th June, 2006

The government is expected to publish its building society bill tomorrow, which will open the way for the Irish Nationwide to end its mutual status and put itself up for sale.

Under the legislation, rival mutual lender EBS will be granted new powers and will be able to invest in other organisations, which will make it easier to enter joint ventures in the future. It will also be able to offer a new range of...

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