BoI investor rules out ‘dance’ with Permanent TSB
“Having gone to the dance with Bank of Ireland, and we had a very good waltz with them, I think we’ll be faithful to it,” Ross, 76, said in an interview with Bloomberg Television yesterday, in response to a question whether he will consider investing in Permanent TSB.
Ross was part of a group of five investors to help rescue Bank of Ireland in 2011 by buying a 35% stake in the nation’s biggest lender for €1.1bn.