Bank of Ireland acquires most of Davy in €440m deal

Davy has attracted a separate €105m bid from Waystone for global fund management unit

Davy has separately announced today that it is selling Davy Global Fund Management.

Bank of Ireland has confirmed it has agreed terms to purchase Davy Stockbrokers' wealth management and capital markets divisions, for €440m.

Davy has separately announced today that it is selling Davy Global Fund Management (DGFM) and its shareholding in Rize ETF to separate third parties.