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Fri 07 Jul 2010Nesbitt to be invited to stay on at Arnotts

BARRISTER RICHARD Nesbitt will be asked to remain on as chairman of Arnotts if the European Commission allows State-owned Anglo Irish Bank and Ulster Bank take control of the Dublin retailer.

The banks are understood to be keen to maintain the retailer’s connection with the Nesbitt family – the founders of the business in 1843 – should the new controlling structure be approved by Brussels. The commission is due to report back on the plan on August 9th.

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