The Minister for Finance says approximately 30 staff members will move from AIB to Goodbody Stockbrokers when the bank completes the purchase of the business.
A landmark deal : AIB agrees to buy stockbrokers Goodbody for €138 million
The bank says the move will diversify its revenue streams and address gaps in its customer offerings. By Ian Curran Tuesday 2 Mar 2021, 3:35 PM Mar 2nd 2021, 3:35 PM 30,403 Views 24 Comments
Image: Sam Boal
Image: Sam Boal
AIB HAS REACHED an agreement to buy stockbrokers Goodbody in a deal worth €138 million, subject to approval by the Central Bank of Ireland and the Competition and Consumer Protection Commission.
The €138 million figure reflects an €82m enterprise value and roughly €56m excess cash on Goodbody’s balance sheet, the bank said.
The deal will see “a small number” of staff from the bank’s Corporate Institutional and Business Banking team “move across to Goodbody over time to avoid duplication”, according to a st