Allen & Overy (A&O), Jones Day and two Irish firms are advising as Bank of Ireland receives $1.6bn (£983m) of investment from a consortium that will own 34.9% of one of the country’s leading banks, reports The Am Law Daily.
The investment group is led by turnaround group WL Ross and Fairfax Financial of Canada, which will each own a 9% stake in Bank of Ireland following the investment. The consortium also includes US real estate firm Kennedy-Wilson Holdings, Fidelity Investments, and the Capital Group of Companies, a mutual fund firm that will take a 6% stake in the bank.
