State stands to recoup €1.8bn BoI share purchase

Bank of Ireland and the government are actively examining the options to allow the government to recoup the Euro 1.8 billion it invested in preference shares in the bank.

3rd November, 2013

Bank of Ireland and the government are actively examining the options to allow the government to recoup the Euro 1.8 billion it invested in preference shares in the bank. This follows a ruling by the European Banking Authority (EBA) which would now make it easier for the government to sell the preference shares directly to a private investor.

Sources say that Bank of Ireland chief executive Richie Boucher is involved in contacts with the Department of...

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