Allied Irish Banks sells Goodbody Stockbrokers in firesale for €24m; Rival Davy sold at value of €350m in 2006
Sep 20th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Allied Irish Banks, p.l.c. (AIB) today announced that it has signed an agreement to sell its entire shareholding in Goodbody Holdings Limited and associated companies, including Goodbody Stockbrokers, to Kerry-based Fexco Holdings Limited (Fexco) for a cash consideration of approximately €24m. This compares with the value of of €350m for Davy Stockbrokers in 2006.