Friday November 27, 2020

AIB assumes full control of Carroll’s ICG stake

AIB is now in full control of the 29.5 per cent stake in the Irish Continental Group (IGC) held by the embattled property developer Liam Carroll, on foot of a number of securities the bank holds against the shares.

17th October, 2009

AIB is now in full control of the 29.5 per cent stake in the Irish Continental Group (IGC) held by the embattled property developer Liam Carroll, on foot of a number of securities the bank holds against the shares.

Following the collapse of Carroll’s Zoe group, AIB has taken steps to ensure that it has full security over the shareholding in the ferry operator. Any prospective buyer of the stock will now have to cut a...

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