Takeover talk returns to lift Irish bank shares

Two unrelated events last week reignited speculation that a major Irish bank will in time fall to a takeover from an overseas rival.

30th July, 2005

Two unrelated events last week reignited speculation that a major Irish bank will in time fall to a takeover from an overseas rival.

First, a report in Barron's Online, focused on Irish Life and Permanent (IL&P) and tipped the Irish bancassurer as a likely candidate to lose its independence.

The analysis came as little surprise to Irish bank-watchers. It has been identified for some time by fund managers as the most likely of...

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