Jones Day and two top Irish firms have taken the lead advising on a nearly $1.6 billion investment in ailing Bank of Ireland by a consortium that will own 34.9 percent of one of the country's leading banks. Jones Day and Dublin-based William Fry are advising the consortium; local firm Arthur Cox is advising the Irish government.
August 01, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Jones Day and two leading Irish firms have taken the lead advising on a nearly $1.6 billion investment in ailing Bank of Ireland by a consortium that will own 34.9 percent of one of the country’s leading banks.
The investment group was led by WL Ross, a company founded by distressed-asset investor Wilbur Ross Jr., and Fairfax Financial of Canada, which will each own a 9 percent stake in Bank of Ireland following the investment, Reuters reports.
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