Private equity firms bid for EBS

It is believed the private equity firms are all seeking downside risk protection clauses as part of a potential deal. The building society is seeking to raise cash from a combination of public and private sources to increase its capital base following a property market collapse.

EBS is seeking €775m by the end of the year and it is thought that the private equity firms are looking to acquire a 60-70% stake in the building society.

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