British bank backs Precinct’s Jurys bid

Kevin Smith, Reuters

The group, which made a provisional offer of E17.50 a share for Jurys, valuing the company at E1.1 billion, has won backing from British bank HBOS, industry sources told Reuters.

Precinct, headed by property developer Brian Cullen and backed by British billionaires Simon and David Reuben, abandoned its takeover efforts after Anglo Irish Bank cut off financial support last Thursday.