SOURCE: Allied Irish Banks, p.l.c.

April 01, 2011 12:36 ET

AIB completed disposal of the BZWBK shareholding

DUBLIN, IRELAND--(Marketwire - April 1, 2011) - 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 EUR3.1 billion which has generated a benefit of c. EUR2.5bn equivalent to core tier one capital.

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Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE

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Contact Information

  • For further information, please contact:

    Alan Kelly
    General Manager, Corporate Services
    AIB Group
    Dublin
    Tel: +353-1-6412162
    email: Email Contact

    Catherine Burke
    Head of Corporate Relations and Communications
    AIB Group
    Dublin
    Tel: +353-1-6413894
    email: Email Contact