1st Jun 2022 11:32
Bank of Ireland Group PLC - Dublin-based lender - Completes acquisition of Dublin-based stockbroker and wealth manager J&E Davy. The final price is set at EUR427 million, after adjusting for Davy's capital position on Wednesday. A quarter of the purchase price is delayed for two years, and up to EUR40 million additional is due from 2025 depending on Davy's business performance. Bank of Ireland also will pay for excess cash totalling EUR126 million, following two disposals by Davy earlier this year, including of Davy Global Fund Management. Read More
