FEXCO ready to buy Goodbody

THE cash-rich Co Kerry-based financial services company FEXCO is on the cusp of buying Goodbody Stockbrokers from Allied Irish Bank.

The Killorglin-based company, led by chairman Brian McCarthy, already has a small stockbroking arm, but has long harboured ambitions to become a major player in the Irish stockbroking market.

AIB and FEXCO both gave “no comment” responses when contacted by the Irish Examiner on the ongoing discussions between the parties.