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BlackRock Picked by Irish Central Bank to Value Assets

BlackRock Inc., the world’s biggest asset manager, was picked by the Central Bank of Ireland to value hard-to-sell debt held by the country’s banks as European regulators attempt to resolve the sovereign debt crisis.

Ireland hired BlackRock Solutions to price the assets of six banks as part of a review of capital requirements, the Central Bank of Ireland said today in a statement. Boston Consulting Group will help with project management, and the investment-banking unit of Barclays Plc will provide banking advice, the Dublin-based central bank said.