Bank of Ireland confirms bid approaches

Bank of Ireland has confirmed it has received unsolicited bid approaches, following a 14 percent jump in its shares earlier this morning.

Bank of Ireland has confirmed it has received unsolicited bid approaches, following a 14 percent jump in its shares earlier this morning. A statement says the interest is from a number of parties, and that no decision on the approaches has been made.

Bank of Ireland’s retail Republic of Ireland division, which contains its private banking business, reported profit before tax of EUR 286 million in the 6 months to end-September, a year on year decrease. In late September, its market capitalisation was some $5.5 billion.