Flowers Ponders Ways of Profiting From Irish Crisis, FT Reports

Christopher Flowers, who founded New York private-equity firm J.C. Flowers & Co., is looking at three possible ways to invest in Ireland, the Financial Times reported, citing an interview.

The purchase of a stake in one of the top two Irish banks, Allied Irish Banks Plc and Bank of Ireland, or in EBS Building Society, is an attractive proposition provided government guarantees on toxic assets are adequate, Flowers told the newspaper.

Buying asset portfolios at bargain-basement prices, again with government support, might be more promising in the short- term, he said.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge in London at ckeatinge@bloomberg.net.

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