Wells buys BoI subsidiary

By GlobalCapital
20 Dec 2011

Bank of Ireland’s deleveraging effort took a step forward on Monday, as it agreed the sale of Burdale Financial to Wells Fargo for €690m.

This will shrink the Irish lender’s loan book by around £575m (€687m) — further progress towards its goal of reducing it from €114bn at the end of last year to €90bn by the end of December 2013.

Burdale is an asset-based lender with divisions in the US and UK. The UK arm ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.