LONDON, UK: Bank of Ireland has entered into a binding agreement with KBCI and KBC Group for the acquisition of c.€8.81 billion of performing mortgages, c.€0.1 billion of performing commercial and consumer loans and c.€4.4 billion of deposits. Bank of Ireland will acquire the performing mortgages for 103.6% of par value, representing the fair value…
LONDON: The Minister for Finance, Paschal Donohoe TD today announced his intention to sell part of the State’s 13.9% directed shareholding in Bank of Ireland over approximately the next six months through a pre-arranged trading plan that will be managed by Citigroup Global Markets Limited. Citi were appointed to the role from the Department of…
LONDON: KBC Bank Ireland has entered into a Memorandum of Understanding (MoU) with Bank of Ireland, expressing the parties’ intention to explore a route that could potentially lead to a transaction whereby Bank of Ireland commits to acquire substantially all of KBC Bank Ireland’s performing loan assets and liabilities. The transaction remains subject to customary…