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Bonus move sucks State ever deeper into Irish banking

Goodbody to be ring-fenced from AIB on pay matters

AIB buys Goodbody Stockbrokers for €138 million

THE AIB Group has announced a deal to buy Irish stockbrokers Goodbody in a deal worth around €138 million (£119m).

AIB buys Goodbody Stockbrokers for €138m

A landmark deal : AIB agrees to buy stockbrokers Goodbody for €138 million

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

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