Seeking to cash in on high U.S. stock prices, Bank of Ireland is negotiating to sell its 23.5% stake in Citizens Financial Group to the majority owner, Royal Bank of Scotland PLC.

Though no price has yet been set, market sources estimated that Bank of Ireland could get as much as $750 million for its stake in the Providence, R.I.-based banking company. That would be a tidy profit on the stake, which was valued at $435 million when Bank of Ireland acquired it from Royal Bank in 1996.

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