AIB to hold EGM to approve capital reorganisation

Department of Finance seeks new AIB advisor as Goldman Sachs term ends

AIB will hold an EGM on December 16

AIB said it will hold an extraordinary meeting of shareholders on Wednesday, December 16, to approve its proposed capital reorganisation as the Department of Finance sought tenders for a new advisor on the bank.

It invited firms to tender for the role of independent financial advisor in relation to the state’s investment in AIB and to assist the Department in its work through 2016. The new advisor will replace Goldman Sachs, whose term ...