Bank of Ireland releases details of private investors

Bank of Ireland has released details of the private investors which came forward earlier in the week to buy a substantial stake in the bank.

Bank of Ireland releases details of private investors

Bank of Ireland has today released details of the private investors which came forward earlier in the week to buy a substantial stake in the bank.

In a statement, the bank said that it is taking the step to quell "speculative rumours" concerning the €1.12bn deal.

The investment is led by Fairfax Financial Holdings, including WL Ross, Capital Research - part of The Capital Group - Fidelity Investments and Kennedy Wilson.

The deal, which will be completed in two stages subject to regulatory approval, means the bank will be at least 68% privately owned, and can stay out of State hands.

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