Singapore fund GIC to buy shares in Eir

Largest shareholder Anchorage welcomes deal

10th June, 2016
GIC to buy from existing Eir shareholders Pic RollingNews.ie

Singapore's sovereign wealth fund GIC is to buy up to €230m of

telecoms group Eir's shares from existing shareholders. The price will be €232 per share.

In a statement, Eir says it understands that the proposed acquisition will be arranged so that shareholders with smaller percentage holdings will be given the chance to participate in the sale. Completion of the deal is expected to be...

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