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Mon 04 Apr 2010Bank of Ireland shares rise on €3.4bn capital plan
Bank of Ireland shares closed up evening after the bank announced its plans to raise about €3.4 billion to meet new capital requirements.
Under the plan the State’s ownership of the bank will be effectively doubled to 36.5 per cent and the shareholding of many existing shareholders will be diluted, although they will be offered an opportunity to purchase additional shares at a discount.
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