Cardinal and IL&P to battle for EBS

THE deadline for final bids to be submitted for the EBS Building Society passed yesterday, with Irish Life & Permanent and Cardinal Asset Management understood to be in the final shakeup for the business.

For months the two have consistently been named as the most likely to end up battling for control of the EBS.

Cardinal is believed to have also drawn up plans to bid for Irish Permanent if successful in acquiring EBS.