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Cardinal Raises EBS Bid To €600M

The consortium led by Cardinal has raised its offer for EBS Building Society to €600 million.

    The consortium led byCardinalhas raised its offer forEBS Building Society€6亿,Irish Times报告。Dublin investment group, which is backed byWilbur Rossand U.S. private equity firm,Carlyle, had initially offered around €525 million for the state-owned lender.

    TheNational Treasury Management Agencyis handling the sale.Irish Life Permanent,whichhas also made an undisclosed offer for EBS, plans to merge the building society with its banking arm,Permanent TSB, addsBusiness & leadership.

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