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Bank Of Ireland Share Chat (BKIR)



Share Price: 0.375Bid: 0.3725Ask: 0.375Change: 0.00 (0.00%)No Movement on Bank Ireland
Spread: 0.0025Spread as %: 0.67%Open: 0.3725High: 0.3775Low: 0.3675Yesterday’s Close: 0.375


Share Discussion for Bank Ireland (BKIR)


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PatMcG
Posts: 169
Off Topic
Opinion:No Opinion
Price:0.31
NPRFC to ISIF to NAMA?
1 Jan '15
Do I read this right?

On the 24 December the National Pensions Reserve Fund Commission’s (NPRFC) transferred its total BKIR holding of 13.95% (shares and voting rights) to its new replacement fund, the Ireland Strategic Investment Fund (ISIF), and on the same day ISIF transferred the voting rights (only) of these same shares to NAMA (the National Assets Management Agency).

If so, what is the significance of this? It seems to suggest that while strategic investment decisions will be undertaken by one government agency, i.e. ISIF, control of the assets (voting rights) will come under another, i.e. NAMA. Is this just a ‘checks and balances’ thing or something else?

And why was the first transaction reported in London and the second in New York?





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