Bank of Ireland sells financial solutions subsidiary

Bank of Ireland today announces that it has signed an agreement to sell its subsidiary Chase de Vere Financial Solutions plc to AWD, part of AWD Holdings AG for a total cash consideration of €30m (£20m).

Bank of Ireland sells financial solutions subsidiary
Mon, 28 Feb, 2005 - 10:09

Bank of Ireland today announces that it has signed an agreement to sell its subsidiary Chase de Vere Financial Solutions plc to AWD, part of AWD Holdings AG for a total cash consideration of €30m (£20m).

The deal is subject to regulatory approval from the FSA and is expected to complete during March 2005.

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CourtsBusinessHeathrowPerson: Roy KeenanPerson: Chief ExecutiveOrganisation: Bank of IrelandOrganisation: Chase de Vere Financial Solutions plcOrganisation: AWDOrganisation: AWD Holdings AGOrganisation: FSAOrganisation: Bank of Ireland UK Financial ServicesOrganisation: Chase de VereOrganisation: UK Post Office
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