AIB - the proposed sale of a 49.99% interest in Bulgarian-American Credit Bank AD to CSIF AD
(Thomson Reuters ONE) -
For Immediate Release 16(th) May 2011
AIB - the proposed sale of a 49.99% interest in Bulgarian-American Credit Bank
AD to CSIF AD
Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] today announces that it has signed
an agreement to sell its 49.99% shareholding in Bulgarian-American Credit Bank
AD ("BACB") to CSIF AD ("CSIF") for an undisclosed amount. Completion of the
transaction is conditional upon CSIF obtaining Bulgarian regulatory approvals
and the transaction will have no material impact on AIB's capital position.
BACB is a publicly listed bank based in Sofia, Bulgaria, focused on small to
medium sized enterprises. As at 31 December 2010, BACB reported consolidated
total assets of ?375.9 million and shareholders' equity of ?96.6 million.
- ENDS -
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: alan.j.kelly(at)aib.ie email: catherine.e.burke(at)aib.ie
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE
[HUG#1516319]
Unternehmensinformation / Kurzprofil:
Datum: 16.05.2011 - 17:10 Uhr
Sprache: Deutsch
News-ID 54710
Anzahl Zeichen: 2095
contact information:
Town:
Dublin 4
Kategorie:
Business News
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