Govt 'did not approve' €7.4bn transaction between Anglo and IL&P

The Department of Finance has said that a €7.4bn transaction between Irish Life and Permanent and Anglo Irish Bank was not approved by the State.

Govt 'did not approve' €7.4bn transaction between Anglo and IL&P
Sun, 31 Oct, 2010 - 18:02

The Department of Finance has said that a €7.4bn transaction between Irish Life and Permanent and Anglo Irish Bank was not approved by the State.

The denial follows a report in The Sunday Times which said the loan was agreed with the State.

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