Court clears way for sale of Irish Life to Minister for Finance

The High Court has cleared the way for the €1.3bn sale of Irish Life and Permanent's life assurance business, the Irish Life Group, to the Minister for Finance.

Court clears way for sale of Irish Life to Minister for Finance
Thu, 28 Jun, 2012 - 13:06

The High Court has cleared the way for the €1.3bn sale of Irish Life and Permanent's life assurance business, the Irish Life Group, to the Minister for Finance.

Mr Justice Michael Peart today dismissed a challenge by some Irish Life shareholders aimed at quashing a direction order for the purchase of Irish Life granted by the High Court last March to the Minister for Finance Michael Noonan under Section 9 of the Credit Institutions (Stabilisation) Act 2010.

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