AIB to raise €1.5bn with sale of M&T stake at 7% discount
The disposal is expected to generate €0.9bn to boost AIB’s capital fund raising, while the rest of the cash will be used as an additional source of liquidity to support its business activities, the bank said in a statement.
AIB has already raised €2.5bn from the sale of its Polish banking subsidiary to Bank Santander for €2.5bn.