albk201111216k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
Report of Foreign Private Issuer


Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
 
 
For the date of 21 November 2011
 
 
ALLIED IRISH BANKS, public limited company



Bankcentre, Ballsbridge, Dublin 4, Republic of Ireland

 
 

 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
 
Form 20-F..X... Form 40-F.....
 
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
 
Yes ..... No ..X...
 
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
 

 

 
 
 
 
For Immediate Release
21st November 2011
 
 
AIB to sell AIB Investment Managers Limited
 
Allied Irish Banks, p.l.c. ("AIB") today announces that it has signed an agreement to sell its subsidiary, AIB Asset Management Holdings (Ireland) Limited, including AIB Investment Managers Limited (AIBIM), to Prescient Holdings (Pty) Limited for an undisclosed fee.
 
The acquisition is expected to be completed during the first quarter of 2012.
 
Completion of the transaction is conditional upon obtaining certain regulatory approvals.  The positive impact on AIB Group's capital position as a result of the transaction is not material.
 
 
-ENDS-
 
 
For further information please contact:-
 
Alan Kelly
Ronan Sheridan
Director of Corporate Affairs & Marketing
Press Officer
AIB Group
AIB Group
Dublin
Dublin
Tel: +353-1-6412162
Tel: +353-1-6414651
email: alan.j.kelly@aib.ie
email: ronan.j.sheridan@aib.ie
 
 
 

 


 
Signatures
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
 
 

                        
ALLIED IRISH BANKS, p.l.c.
                (Registrant)
 
 
Date 21 November 2011
 
 
             By: ___________________
Paul Stanley
                         Acting Chief Financial Officer
               Allied Irish Banks, p.l.c.