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Major BoI shareholder sells off stake in bank

Investors will be keeping a close eye on Bank of Ireland shares today after a US billionaire anno...
Newstalk
Newstalk

07.42 10 Jun 2014


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Major BoI shareholder sells of...

Major BoI shareholder sells off stake in bank

Newstalk
Newstalk

07.42 10 Jun 2014


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Investors will be keeping a close eye on Bank of Ireland shares today after a US billionaire announced he was selling his stake.

Wilbur Ross is set to almost triple the value of his original €290 million investment of three years ago.

He says the decision is nothing to do with Ireland's financial prospects or those of the bank itself, and believes both have a bright future.

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Mark Murnane from Shelbourne Markets says it is hard to predict what will happen to the share price today:


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