Bank Of Ireland Is Buying 75% Of Davy Stockbrokers.

Thursday, 22 July 2021 10:14

The deal is worth around €400 million.

Bank of Ireland is buying most of Davy stockbrokers in a deal believed to be worth more than 400 million euro.

A statement from the Bank says the deal is subject to shareholders at the stockbrokers meeting a number of agreed criteria.

Earlier this year, Davy announced it would be up for sale after it was fined over 4 million euro by the Central Bank for breaching market rules.

Bank of Ireland said that it will pay 75 per cent of the consideration it has agreed to on completion of the deal, expected in 2022 (via @irishtimesbiz)https://t.co/5lAEJQo4Ol
— Irish Times Business (@IrishTimesBiz) July 22, 2021

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