Bank of Ireland placing closes at almost 33 cents per share -source

Tue Mar 4, 2014 9:37am EST
 
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DUBLIN, March 4 (Reuters) - Fairfax Financial and Wilbur Ross sold a combined 6.4 percent stake in Bank of Ireland at just under 33 cents per share on Tuesday, the upper end of initial guidance, a source familiar with the transaction said.

The investors, who owned almost 18 percent of the bank between them before Tuesday's sale, were among a group who helped to keep the bank out of state hands at the height of the euro zone crisis in 2011 when they paid about 10 cents a share.