1st Apr 2011 17:05
For Immediate Release | 1st April 2011 |
AIB completed disposal of the BZWBK shareholding
DUBLIN, Ireland - Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] announces today that it has completed the disposal of its 70.36% stake in Bank Zachodni WBK S.A. to Banco Santander S.A. ("Santander" ) and the sale of its 50% stake in BZ WBK AIB Asset Management S.A. following the settlement of the tender offer by Santander and completion of the transaction. AIB received total sale proceeds of approximately €3.1 billion which has generated a benefit of c. €2.5bn equivalent to core tier one capital.
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For further information, please contact:
Alan Kelly | Catherine Burke |
General Manager, Corporate Services | Head of Corporate Relations and Communications |
AIB Group | AIB Group |
Dublin | Dublin |
Tel: +353-1-6412162 | Tel: +353-1-6413894 |
email: [email protected] | email: [email protected] |
Related Shares:
Banco Santander