IL&P still seen as main player

IRISH Life & Permanent is still seen as the lead contender to buy EBS despite strong interest by three international consortia.

IL&P still seen as main player
Wed, 22 Sep, 2010 - 01:00
Brian O'Mahony

As a result of bad lending to the property sector during the boom EBS undermined its balance sheet and requires €875 million in fresh capital to restore its solvency.

So far it has had €350m pumped into to it by the state.

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