Bank of Ireland completes €593m acquisition of Davy stockbrokers

The final sale price of the embattled stockbroking firm is slightly lower than the €605 million price tag originally announced last July

Davy put itself up for sale early last year in the aftermath of a damning Central Bank investigation into a bond trade that took place in 2014. Picture: Sasko Lazarov/

Bank of Ireland has announced it has completed the acquisition of Davy stockbrokers for an overall sum of €593 million. The final cost of the acquisition is slightly lower than the original €605 million price tag the bank had estimated last July when it first announced it would acquire the embattled stockbroking firm.

Bank of Ireland’s takeover of Davy is comprised of a price for the business of €427 million, 75 per cent of which ...