Irish Life deal close to complete
“It’s at an advanced stage,” the source said, requesting anonymity because he is not authorised to speak about the talks.
A spokesman for Irish Life declined to comment.
Irish Life, formerly the life insurance arm of bailed-out Irish Life and Permanent, was taken over by the State after a planned sale of the unit was suspended last year.
A source at that time told Reuters that Canada Life was the lead candidate to buy the group.
The Sunday Times reported that a deal would be agreed in the first quarter of next year.
Executives at Irish Life said in September that the company would need a period of sustained calm in the eurozone before the sale process would resume.
