A group of investors is taking a stake worth over 1-point-1 billion euro in Bank of Ireland.
It means the bank will avoid having to go into full State ownership.
Provided the move gets approval from regulators, a minimum of 68 per cent of Bank of Ireland will be under private sector ownership.
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Finance Minister Michael Noonan says the deal represents the ‘accomplishment of another major step’ in the plan put our banking system on track.
