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AIB completed disposal of the BZWBK shareholding

  //business-finance.news-articles.net/content/201 .. ompleted-disposal-of-the-bzwbk-shareholding.html
  Published in Business and Finance on Friday, April 1st 2011 at 9:50 GMT by Market Wire
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DUBLIN, IRELAND--(Marketwire - April 1, 2011) - Allied Irish Banks, p.l.c. ("AIB") (NYSE: [ AIB ]) announces today that it has completed the disposal of its 70.36% stake in Bank Zachodni WBK S.A. to Banco Santander S.A. ("Santander" ) and the sale of its 50% stake in BZ WBK AIB Asset Management S.A. following the settlement of the tender offer by Santander and completion of the transaction. AIB received total sale proceeds of approximately EUR3.1 billion which has generated a benefit of c. EUR2.5bn equivalent to core tier one capital.

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Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE

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