Fexco to pay €20 million for Goodbody Stockbrokers

Fexco, the Kerry-based financial services firm, is preparing to pay as little as €20 million to acquire Goodbody Stockbrokers.

26th June, 2010

Fexco, the Kerry-based financial services firm, is preparing to pay as little as €20 million to acquire Goodbody Stockbrokers.

Informed sources said that takeover talks between Fexco and AIB, Good body’s parent, had reached a ‘‘very advanced stage’’ and a deal was likely to be completed within two weeks. Fexco is expected to pay €20 million to €30 million for Goodbody, although a disposal would also free about €30 million in capital that AIB must...

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