AIB hires UBS to help raise €3bn

AIB, which is seeking to raise as much €3 billion in a share sale in the fourth quarter, has hired UBS to help advise on the process, it has been reported.

The bank also retained Morgan Stanley, JPMorgan Chase & and Goodbody Stockbrokers as advisers, the sources revealed.

AIB managing director, Colm Doherty, said he expects to raise as much as €3bn of equity from investors and the Government after selling overseas assets.