Content area
Full Text
THE IRISH government's privatisation sale of stock in Telecom Eireann is on course for a resounding success, with a strong response from retail and institutional buyers.
Already the institutional book is more than seven times covered as investors have rushed to gain exposure to an attractive company that will also act as a proxy stock for the booming Irish economy. Domestic retail buyers, who will receive 40!Zo of the shares, have responded with equal vigour.
The offering is being run by AIB...