Published on Monday18thFebruary2013
Noonan confirms sale of Irish Life to Great-West Lifeco
Finance Minister Michael Noonan today confirmed that agreement has been reached with Great-West Lifeco for the sale of Irish Life for €1.3 billion with an additional dividend of €40 million being paid to the State prior to completion.
The agreement is conditional, most notably on receipt of regulatory approvals, which are customary in a deal of this nature.
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