The Irish State has sold Bank of Ireland Group to an investment group led by Fairfax
The Irish State has announced an investment of up to US$1.5 billion in the Bank of Ireland Group by a group of significant institutional investors and fund managers led by Fairfax Financial Holdings and which includes WL Ross, Capital Research (part of The Capital Group), Fidelity Investments and Kennedy Wilson. Financial details have not been disclosed.
Following the completion of the final acquisition, the aggregate shareholding of these investors is 34.96% of the total issued ordinary stock of the Bank and the shareholding of the NPRFC is 15.13%.
Oaklins' team in Ireland acted as financial advisor to the Bank of Ireland Group in connection with this transaction.
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