LONDON, UK: The Irish State has sold part of its shareholding in AIB Group plc, the country’s largest bank, for €514.83 million. The sale was done through a placing of shares to institutional investors, which was completed on Monday. The sale reduced the State’s stake in AIB from 45.8% to 40.8%, a decrease of 5%.…
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AIB Group plc confirms acquisition of €4.2 billion Ulster Bank corporate and commercial loans
LONDON, UK: AIB Group plc confirms that Allied Irish Banks, p.l.c.1 has today entered into a binding agreement with NatWest Holdings Limited and Ulster Bank Ireland DAC for the acquisition of c. €4.2 billion of performing Ulster Bank corporate and commercial loans. This agreement has been reached further to the Memorandum of Understanding that was…