The board of Davy is poised to pull the trigger on the sale of the broker in the wake of the Anglo bonds scandal. An announcement is expected tomorrow morning and follows an approach in recent days by Bank of Ireland, according to sources within the broker. Bank of Ireland is seen as a likely suitor, although it is likely a number of international players and existing Irish-based firms such as Brewin Dolphin might be tempted to bid.  Large private equity bidders could also be interested in unlocking value by acquiring the entire business and then breaking it up. Davy’s…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .