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Fri 09 Sep 2008Anglo Irish Bank considers bid for Irish Nationwide
Anglo Irish Bank is considering making a bid for Irish Nationwide Building Society. The bank has expressed serious interest in acquiring the building society within the last 10 days.
A tentative dialogue with the Government and regulators intensified this week as volatility swept through international markets. Anglo believes it would have the blessing of the Government should it proceed with a transaction. The bank would not be prepared to go ahead with a takover process if it did not have the Government's support.
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