Irish Life has exited the race to acquire Ireland’s biggest stockbroker Davy. The move comes as potential bidders near the deadline to submit first-round offer letters at the end of this week. Irish Life, which is owned by Great-West Lifeco, a Canadian firm, has been repeatedly reported to be among the potential bidders for Davy. Irish Life did express an initial interest in Davy, but it is not going to submit a first-round offer to acquire the firm. Irish Life declined to comment when contacted. The Currency understands that there are two reasons why Irish Life was not interested in…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .