State set to profit from BoI bailout

The state is in line to make a significant profit on its bail-out of Bank of Ireland as shares in the lender continue to trade at multiyear highs.

14th September, 2013

The state is in line to make a significant profit on its bail-out of Bank of Ireland as shares in the lender continue to trade at multiyear highs and management prepares to buy back the government preference shares in the coming months.

At the current price of just over 21c per share, the state would make a gain of about 35 per cent on the e4.8 billion it put into Bank of Ireland if it...

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