AIB confirms discussions with M&T

AIB has confirmed it is in discussions with American bank M&T for the sale of its US subsidiary Allfirst and the merger is expected to be announced later today.

AIB has confirmed it is in discussions with American bank M&T for the sale of its US subsidiary Allfirst and the merger is expected to be announced later today.

It’s understood AIB will receive a 22% stake in M&T as part of the deal, rumoured to be worth about $3bn (€3.06bn).

You have reached your article limit. Already a subscriber? Sign in

185 years of the Irish Examiner

185th
Anniversary Offer

Six months of digital access for €18.50

No obligation. Ts&Cs apply.

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited