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€7.2bn Anglo transaction 'had no commercial substance', jury is told

A €7.2 bn transaction between Anglo Irish Bank and Irish Life and Permanent had no commercial substance because Anglo's asset profile didn't change, a jury has heard.

€7.2bn Anglo transaction 'had no commercial substance', jury is told

Tue, 01 May, 2018 - 18:20

By Sarah-Jane Murphy

A €7.2 bn transaction between Anglo Irish Bank and Irish Life and Permanent had no commercial substance because Anglo's asset profile didn't change, a jury has heard.

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