At 16.37 today, less than an hour before the market closed for the day, a giant transaction in FBD shares was notified to the Irish Stock Exchange.  Some 6.2 per cent of FBD’s share capital was exchanged “off book”: this means an unknown buyer bought 2.2 million FBD shares directly from one of FBD’s major shareholders, instead of through the exchange. The exchange was notified when the deal was done.  The deal was done at €7.20, which is a 4 per cent premium on FBD’s market share price. At €7.20, the 2.2 million shares cost €15.8 million.  We don’t know…

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