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Sat 02 Feb 2009BoI and AIB agree terms of €7bn deal with Government
ALLIED IRISH Banks and Bank of Ireland have agreed terms with Minister for Finance Brian Lenihan to proceed with a €7 billion State recapitalisation of the two institutions.
The deal, different in many respects to the recapitalisation plan agreed by the Government late last year, is designed to incentivise existing shareholders to invest new capital in the banks.
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