CIBC makes approach to Allied Irish: RTE
Canadian Imperial Bank of Commerce has made an approach to take a minority stake in Allied Irish Banks, Irish state broadcaster RTE reported on Friday, without citing any sources.
A spokesman for CIBC said the bank did not comment on rumors or market speculation.
Allied Irish earlier said it had received an approach from a third party, which two sources familiar with the matter said came from Canada.
(Reporting by Padraic Halpin; Editing by David Holmes)
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