Bank of Ireland to sell units to win bailout approval

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IRELAND - Bank of Ireland Plc may sell its asset management unit, a pensions business and ICS Building Society to win European Commission approval for a restructuring plan after a government bailout of the country's biggest lender.

The measures, which will be implemented by December 2014, won't be "materially detrimental," the Dublin-based bank said today. The Commission will probably make a final decision on the plans by mid...

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