Irish government sells share in Bank of Ireland

A group of investors have agreed to buy €1.1 billion ($1.6 billion) of Bank of Ireland shares, in a move that will see the Irish government shift a large portion of the bank's assets off its books.

On Monday, Michael Noonan, Ireland's finance minister, said an agreement had been reached by the government to sell €241 million of its assets in Bank of Ireland, with a further €882 million sold to the investors after appropriate regulatory approvals. The names of the investors have not yet been disc