Ross eyes more Irish investment
Mr Ross’ New York-based investment firm WL Ross & Co took a 9.9% stake in Bank of Ireland in return for its €300 million part of a combined €1.12 billion investment in the bank by a small number of private investors last week — a move that lowers the Government’s stake to 15.1% and makes BoI the only Irish bank not to be state controlled.
As well as WL Ross, international investment firms Fairfax Financial Holdings, Fidelity Investments and The Capital Group, along with property company Kennedy Wilson (which recently acquired BoI’s property management arm) invested.
