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BOI To Buy Most Of Davy Stockbrokers

Bank of Ireland is buying most of Davy stockbrokers in a deal believed to be worth more than 400 million euro.

A statement from the Bank says the deal is subject to shareholders at the stockbrokers meeting a number of agreed criteria.
Earlier this year, Davy announced it would be up for sale after it was fined over 4 million euro by the Central Bank for breaching market rules.

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