Bank Of Ireland Is Buying 75% Of Davy Stockbrokers.

• News Home
• More from National News

Thursday, July 22nd, 2021 10:14am

By Ciara Plunkett @plunkettciara

• Share on Facebook
• Share on Messenger
• Share on Messenger
• Share on Twitter
• Share on Whatsapp

Stock image: Pexels

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

More from National News

• Soc Dems Parliamentary Party Defends Co-Leaders.

  16 members, including Kildare councillor, call for leadership contest.

• 1,345 New Cases Of Covid-19 In Ireland

  105 in hospital with the virus, 21 in intensive care.

• Renewed Warnings About Swimming In Kildare Reservoirs

  It follows the worst week for drownings in around 8 years.

• Shots Fired At Garda Car In Tallaght

  No-one injured, three men fled the scene.

• Covid-19 Hospitalisations Could Exceed 200 Next Week

  Figures have more than doubled in the past 14 days

• Guidelines On Indoor Dining Published

  Covid-19 certificate and photo id will be required

• 1,337 New Covid 19 Cases Reported In Northern Ireland.

  One more person has died.

• Boy Sentenced To 2 Years Detention For His Role In Confrontation Which Led To Cameron Blair's Death.

  This boy was 14 at the time.