Business

HEADLINES:

Canadian move for stake buoys AIB

14.08.09

Allied Irish Banks' shares jumped today as it emerged that Royal Bank of Canada has made an approach to buy a stake.

The talks were said to be at �very, very early stages�. The Irish bank, which has several branches and a commercial business in London, is 25%-owned by the Irish taxpayer after a 33.5 billion (�28.8 billion) government bailout.

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