Bank of Ireland announces sale of Davy stake

Bank of Ireland has announced the sale of its 90.444% equity stake in J&E Davy Holdings Limited to the management and staff of Davy for €316.55m.

Bank of Ireland announces sale of Davy stake

Bank of Ireland has announced the sale of its 90.444% equity stake in J&E Davy Holdings Limited to the management and staff of Davy for €316.55m.

The profit on disposal after tax is expected to amount to approximately €225m and will be reflected in the results for the year ending March 31, 2007.

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