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BoI ‘not talking to buyer’
Sep 20 2008 by Tony McDonough, Liverpool Daily Post
BANK of Ireland (BoI) insisted yesterday it had not been approach- ed by any potential buyers, despite market speculation linking it with Spain’s Banco Santander.
BoI, which has a major commercial team in Liverpool, this week saw its shares plummet after it admitted half-year earnings would be down due to loan losses and funding costs.
In a statement to the Irish stock exchange, it said: “Bank of Ireland categorically confirms that it has not received an approach from, nor entered into discussions with, Banco Santander or any other party.”
BoI’s shares were almost 46% higher yesterday afternoon shortly after the statement.
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