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Thu 01 Jan 2010Building societies move closer to merger

ENGAGEMENT BETWEEN EBS and Irish Nationwide has moved up a gear with the completion of a draft due diligence report by PricewaterhouseCoopers (PwC) outlining the financial details of the proposed union of the two building societies.

The draft report which will now be discussed by the boards of the two building societies in consultation with their auditors will lay out a road map for the planned union.

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