Donohoe hails €138m sale of Goodbody to AIB as good for the bank, the broker, and seller Fexco

Finance Minister Paschal Donohoe said the deal required his approval and hailed the acquisition.

Broker Goodbody has been bought by the Government-owned AIB for a gross €138m, in a deal fashioned to preserve the cap on top bankers' pay, Finance Minister Paschal Donohoe has said. 

The acquisition had been delayed as the Government worked on a structure to keep Goodbody, which operates in an industry where employees are paid performance bonuses, at arm's length from the Government's majority-owned AIB, where the pay cap applies.