ILP shareholders bid to block sale of Irish Life to State

Shareholders of Irish Life and Permanent have brought a legal challenge aimed at blocking the Minister for Finance from purchasing the group's life assurance business, the Irish Life Group, for €1.3bn.

ILP shareholders bid to block sale of Irish Life to State
Thu, 05 Apr, 2012 - 17:15

Shareholders of Irish Life and Permanent have brought a legal challenge aimed at blocking the Minister for Finance from purchasing the group's life assurance business, the Irish Life Group, for €1.3bn.

Last month the President of the High Court made direction orders, under Section 9 of the Credit Institutions (Stabilisation) Act 2010, allowing Minister Michael Noonan to purchase Irish Life from ILPG.

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CourtsBusinessHeathrowPlace: MaltaPerson: Minister for FinancePerson: MinisterPerson: Michael NoonanPerson: Gerard DowlingPerson: Padraig McManusPerson: Piotr SkoczylasPerson: SkoczylasPerson: JusticePerson: Patrick McCarthyPerson: BarristerPerson: Brian KennedyPerson: KearnsPerson: DowlingPerson: McManusEvent: EasterOrganisation: ILPOrganisation: Irish LifeOrganisation: PermanentOrganisation: Irish Life GroupOrganisation: MinisterOrganisation: CourtOrganisation: ILPGOrganisation: Irish Life and PermanentOrganisation: Central BankOrganisation: EU CommissionOrganisation: IMFOrganisation: ECBOrganisation: Permanent Group Holdings plcOrganisation: Scotchstone Capital Fund LimitedOrganisation: Standards & PoorsOrganisation: Irish Life & PermanentOrganisation: High CourtOrganisation: EU
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