IL&P shareholders to vote on split proposal

17/12/2009 - 09:01:24
Irish Life and Permanent shareholders will today vote on proposals to split the company's banking and life assurance divisions which will then be controlled by a holding company.

If approved, it is expected the move will help pave the way for Permanent TSB, its banking unit, to become part of the government-backed third force in Irish banking with Irish Nationwide and EBS.