Source - LSE Regulatory
RNS Number : 3045K
AIB Group PLC
01 September 2021
 

 

 

1 September 2021

 

AIB Group plc confirms the completion of the acquisition of leading Irish financial services provider Goodbody

 

Following receipt of all regulatory approvals, AIB Group plc ("AIB") today announces that it has completed the acquisition of Goodbody, a leading Irish provider of wealth management, corporate finance and capital markets services. The transaction, to acquire 100% of Goodbody from its existing shareholders for an enterprise value of c.€82 million, was originally announced on 2 March 2021.

 

AIB Group's acquisition of Goodbody is a critical advancement in the bank's strategy to provide enhanced customer offerings, particularly in capital markets, corporate finance and wealth management.

Colin Hunt, AIB Chief Executive Officer said "The acquisition of an established, leading stockbroker enables us to fill gaps in our overall offering. AIB will combine Goodbody's expertise with its own existing experience and resources to broaden our range of financial options for customers while also diversifying the Group's revenue streams. Now that the transaction is complete, AIB and Goodbody will work together to accelerate the growth of the combined business."

 

Goodbody will remain a separately regulated entity and will form part of AIB Capital Markets, previously Corporate, Institutional and Business Banking.

 

-Ends-

Contact details:

Niamh Hore / Siobhain Walsh

Paddy McDonnell / Graham Union

Investor Relations

Media Relations

AIB Group

AIB Group

Dublin

Dublin

Tel: +353-86-3135647 / +353-87-3956864

Tel: +353-87-7390743 / +353-1-6412430

email: niamh.a.hore@aib.ie

            siobhain.m.walsh@aib.ie

Email : paddy.x.mcdonnell@aib.ie

            graham.x.union@aib.ie

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACQSDFESFEFSEEA
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.