Anglo Irish Bank may get an €5 billion offer from private-equity group Mallabraca, it has been reported.
According to RTÉ radio, which did not cite sources, a consortium of Irish and foreign investors have been in discussions with Government and the National Treasury Management Agency about taking a majority stake in Anglo and by investing €5 billion.
The Mallabraca consortium - which is made up of US, Irish and Middle Eastern investors - had previously been reported as having an interest in Bank of Ireland.
Under the terms of any deal the consortium would impose a new management team led by David Morgan, former chief executive of Australia's Westpac, it was reported.
