Wilbur Ross and Fairfax to sell 6% of Bank of Ireland shares

By Business & Finance
04 March 2014
Wilbur Ross

Two of Bank of Ireland’s largest shareholders, Wilbur Ross and Fairfax Financial, have begun selling a 6.4% share in one of the country’s largest banks.

US billionaire investor, Ross, and Fairfax boss Prem Watsa were among a group of North American investors that kept the bank out of State hands in 2011 when they bought a 35% stake only months after the EU/IMF bailout.

The group invested in the now 14% state-owned bank when its share price was at about 10c. The share price has now increased significantly to over, hitting a high of 39c this year.