AIB could place €1bn M&T stake with investors if buyout talks fail

AIB could place its 22.5% stake in US bank M&T with institutional investors if it fails to secure a purchaser.

The news comes as newswire reports said PKO Bank Polski, Poland’s largest lender, placed a preliminary bid for the majority stake in Bank Zachodni WBK that AIB is selling.

Meanwhile, Irish brokers suggest the placing would raise over €1 billion, close to the amount AIB was hoping to make from a sale of its US associate.