AIB nears deal to sell £1bn British SME book to Allica Bank
Bank’s exit from market segment will save it an estimated €35m in coming years
Bank’s exit from market segment will save it an estimated €35m in coming years
Revolving financial arrangement underwritten by Credit Suisse, Rabobank and UBS
Banks and debt funds among contenders in binding offers phase for €1.2bn portfolio
CEO announced last December that the bank was exiting the British SME market
News of approach came less than 24 hours after Kevin Toland quit as chief executive
Shareholders have been agitating for an overhaul of Swiss-Irish baked goods firm
Baked goods group’s troubled North American unit likely to be high on list for disposal
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