Bank of Ireland Plc, the country' biggest lender by assets, may get an injection of capital from private equity groups, the Irish Times reported, without saying where it got the information.
U.S. buyout firms J.C. Flowers & Co. and the Carlyle Group and Irish hedge fund Cardinal Asset Management may buy up to 40 percent of the Dublin-based bank the newspaper said.
The newspaper said the firms want to merge Bank of Ireland with Irish Life & Permanent Plc to create one of the largest financial institutions in the country with a 40 percent share of the mortgage market.
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