Great-West to Buy State-Owned Irish Life for C$1.75 Billion

Great-West to Buy State-Owned Irish Life for C$1.75 Billion

Aidan Crawley/Bloomberg

Ireland's government bought Irish Life Group Ltd., the nation's largest life assurer, with a 33 percent market share, for 1.3 billion euros in June from debt-laden lender Irish Life & Permanent Plc.