Herbert Smith and Allen & Overy (A&O) are advising on the Bank of Ireland's plans to raise €3.4bn (£2.9bn) in an effort to boost its recovery in the wake of the financial crisis. The bank's cash plan, which will include a €1.9bn (£1.6bn) rights issue and a €500m (£431m) share placing with institutional investors, comes after it was bailed out by the Irish Government following the collapse of the country's property market.
April 26, 2010 at 08:42 AM
1 minute read
The original version of this story was published on Legalweek
Herbert Smith and Allen & Overy (A&O) are advising on the Bank of Ireland’s plans to raise €3.4bn (£2.9bn) in an effort to boost its recovery in the wake of the financial crisis.
The bank’s cash plan, which will include a €1.9bn (£1.6bn) rights issue and a €500m (£431m) share placing with institutional investors, comes after it was bailed out by the Irish Government following the collapse of the country’s property market.
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