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IN BRIEF: AIB completes acquisition of Goodbody stockbroker

Wed, 1st Sep 2021 09:37

AIB Group PLC - Dublin-based bank - Completes purchase of Irish financial services provider Goodbody. Deal for the Irish provider of wealth management, corporate finance and capital markets services was first announced in March. AIB will buy Goodbody's share capital for EUR138 million, reflecting an enterprise value of EUR82 million, plus EUR56 million in cash on the Goodbody balance sheet. "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," it says.

Current stock price: 219.20 pence, up 1.5% on Wednesday

Year-to-date change: up 34%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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