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• Irish investment group appoint Deutsche Bank

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  Helena Deane    Group moderator

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  Irish investment group appoint Deutsche Bank

  (BizWorld)
  
  The group of investment institutions that has declared its interest to Government in participating, with the State, in the recapitalisation of the Irish banks, has appointed Deutsche Bank as its financial advisor.
  
  The group is assessing whether the recapitalisation of the banks presents an attractive investment opportunity for its clients, a spokesman for the group said.
  The overall package involves an investment of E4 billion with the group, made up of a collection of fund managers initially co-ordinated by the Irish Association of Investment Managers (IAIM), expect the Government to match that amount.
  
  
  It also said that it expects to raise further significant sums from overseas funds if the plan is endorsed by the Government.
  
  • 28 Nov 2008, 8:09 pm
  Helena Deane wrote: > (BizWorld) > > The group of investment institutions that has declared its interest > to Government in participating, with the State, in the > recapitalisation of the Irish banks, has appointed Deutsche Bank as > its financial advisor. > > The group is assessing whether the recapitalisation of the banks > presents an attractive investment opportunity for its clients, a > spokesman for the group said. > The overall package involves an investment of E4 billion with the > group, made up of a collection of fund managers initially > co-ordinated by the Irish Association of Investment Managers (IAIM), > expect the Government to match that amount. > > > It also said that it expects to raise further significant sums from > overseas funds if the plan is endorsed by the Government.