According to reports, Ireland's leading financial services group, Allied Irish Banks, is to sell its UK fund management arm, AIB Govett, for an estimated £120 million.
An article in the Sunday Telegraph names possible bidders as New Star Asset Management, and Aberdeen Asset Management. Although Allied Irish Banks took over Govett in December 1995, the Telegraph reports that it failed to make a big impression on the UK fund management market, and was forced to lay off 10% of its staff last October, blaming the post September 11th slump.
AIB has so far refused to comment regarding the possible sale of AIB Govett.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment