Department of Finance appoints Bookrunners and a Co-Lead Manager for potential sale of AIB
Thursday 23 March 2017
The Department of Finance has today appointed additional Bookrunners and a Co-Lead Manager to assist in a potential future Initial Public Offering (IPO) of AIB.
The selected firms are:
Citigroup Global Markets Limited
Goldman Sachs International
J.P. Morgan Limited
Investec Bank PLC
The role of the Bookrunners and the Co-Lead Manager is to assist with the marketing and sale of shares in AIB at the time of IPO. The rationale for selecting these firms, in addition to the already appointed Joint Global Coordinators, is to ensure coverage of the broadest possible range of relevant investors both by type and geography
The appointment of these firms follows a mini tender competition involving the members of Lot 3 of the Department’s Capital Markets Distribution panel (the mini tender was publicly announced on 3rd March 2017). This panel was constituted following an open procurement procedure in 2014.
The successful companies will be appointed until July 2018. This provides the State with optionality on the timing of any such transaction through 2017 and 2018.
In December 2016, the Department of Finance appointed Bank of America Merrill Lynch, Davy and Deutsche Bank as “Joint Global Coordinators” and Bookrunners for a potential AIB IPO. Rothschild was previously appointed as independent financial advisor to the Department of Finance for this project.
Thursday 23rd March 2017
Further information from:
David Byrne - Press Officer - firstname.lastname@example.org - 086 026 7978