ILP shareholders reject plan for €3.8bn Govt recapitalisation

Government plans to pump €3.8bn into Irish Life and Permanent have been rejected by shareholders.

ILP shareholders reject plan for €3.8bn Govt recapitalisation
Wed, 20 Jul, 2011 - 13:06

Government plans to pump €3.8bn into Irish Life and Permanent have been rejected by shareholders.

At an emergency general meeting in Dublin this afternoon, shareholders were asked to approve the cash injection, after the European Commission earlier approved it.

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