AIB Group

Completes acquisition of Goodbody

  • Sectors : Banks
  • Companies : AIB Group

Ratings and price correct at time of issue.

  • AIB Group

    Closing Price: 256c

  • RATING 23/01/19

  • PREVIOUS RATING 14/08/18

    NEUTRAL

DAVY VIEW

The timing of completion of the Goodbody acquisition is in line with our assumptions and marks the first in a series of inorganic capital deployment actions by AIB. The actions will provide AIB with greater scale and product capability and demonstrate good progress on execution of strategy, as outlined in December 2020. Post acquisitions, focus will be on balance sheet efficiency measures.

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Sep 1 2021, 08:00 IST/BST

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