Things have worked out okay for Davy’s shareholders. By selling off the business in three pieces, they have lined up a potential total payout of €565 million – almost double the number bandied about when Davy first put itself up for sale. The biggest part of the three-part deal is the sale of Davy’s wealth management and capital markets business to Bank of Ireland for €440 million.  Separately, today, Davy announced the sale of Davy Global Fund Management (DGFM) to EQ-IQ, and of its 63 per cent stake in Rize ETF to AssetCo, the investment firm chaired by Martin Gilbert,…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.