Bank of Ireland confirms €57m sale of Asset Management division

BANK OF IRELAND has confirmed that it has completed the sale of its Asset Management division to State Street Global Advisors for a fee of about €57m. The deal, announced last October, will boost the bank’s capital reserves by about €40m, according to a statement. The division, previously known as Bank of Ireland Asset Management, will now form part of State Street Global Advisors Ireland Ltd.

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Gavan Reilly

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