Irish merger deal.
Insurance Group Irish Life is to merge with former building society, Irish Permanent. The I£2.8bn (£...
Insurance Group Irish Life is to merge with former building society,Irish Permanent. The I£2.8bn (£2.5bn) merger, which is expected to be
completed by April, will create a company with more than I£1bn in life
assurance premiums and I£15bn in total assets. Irish Life shareholders
will end up with just over 67% of the enlarged group, which will be
renamed Irish Life & Permanent.
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