Friday 9 December 2016

Santander bid for AIB possible

Dara Doyle

Published 20/05/2010 | 09:58

A Santander bid for Allied Irish Banks is not out of the question, according to media reports citing Ciaran Callaghan, an analyst at NCB Stockbrokers in Dublin.

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Speculation is mounting that Santander may be the lead bidder for AIB’s 40 offices in the UK.

Santander held talks with M&T Bank about combining its US operations with the New York-based lender, the Financial Times reported yesterday.

AIB has said it will sell its 22.5pc holding in M&T to boost its capital base.

Bloomberg

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