Donohoe: Davy could be Government-nominated primary dealer again after sale

Minister Paschal Donohoe has welcomed the decision of Davy to sell the company.

Finance Minister Paschal Donohoe has welcomed the decision of Davy to sell the company. Photo: Moya Nolan

Davy could be re-appointed as a Government-nominated primary dealer after the company is sold, the Finance Minister has suggested.

The country's largest stockbroker has put itself up for sale as it scrambles to deal with the fallout from a €4.1m Central Bank fine for its failure to supervise a group of 16 of its own employees in their 2014 profiting from personal dealings in the sale of Anglo Irish bank bonds.