AIB to sell stock brokers for €24m

THE €24 million sale of Allied Irish Bank’s stockbroking unit, Goodbody Holdings Ltd, is expected to be completed in the coming weeks after the Central Bank approved the transaction.

AIB to sell stock brokers for €24m
Thu, 06 Jan, 2011 - 00:00
Conor Keane, Business Editor

Up to 55 of 270 jobs are expected to be lost.

Most of these will be through voluntary redundancy, when the Killorglin, Co Kerry-based Fexco officially takes control of the business.

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CourtsPerson: Ronan SheridanPerson: Roy BarrettPerson: Mon O’DriscollPerson: Dick SpringOrganisation: AIBOrganisation: Allied Irish bankOrganisation: Goodbody Holdings LtdOrganisation: Central BankOrganisation: FexcoOrganisation: GoodbodyOrganisation: Davy StockbrokersOrganisation: Bank of IrelandOrganisation: AIB Capital MarketsOrganisation: Fexco Stockbroking
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