AIB to sell stockbroker Goodbody for €24m

The Department of Finance has appointed Goodbody Stockbrokers as joint bookrunner to assist in a potential future initial public offering of AIB. The Department has also appointed Citigroup Global Markets Limited, Goldman Sachs International, JP Morgan Limited and UBS as bookrunners for the bank's IPO.

These firms will join Bank of America Merrill Lynch, Deutsche Bank and Davy Stockbrokers who were appointed as global co-ordinators in December. They will assist with the marketing and aib goodbody stockbrokers of shares in AIB at the time of its flotation - expected later this year and perhaps as early as May. This provides the State with optionality on the timing of any such transaction during andthe Finance Department added.

Last year, the Government pushed back the timetable for selling its stake, citing unfavourable market conditions. But since then, Aib goodbody stockbrokers Noonan has said rising bank share prices suggest he might get the value needed.

The Finance Minister has raised the possibility of launching AIB's IPO as early as May, or during another possible window in the third quarter. Images courtesy of Inpho.

Goodbody Stockbrokers - Wikipedia

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