AIB Group plc (ISE:A5G) reached agreement to acquire Goodbody Stockbrokers UC for €138 million on March 2, 2021. AIB will acquire the entire share capital for a consideration of €138 million reflecting €82 million enterprise value and €56 million excess cash on the balance sheet. Goodbody's 2020 management accounts recorded revenue of €71 million. Under the terms of the acquisition, a small number of AIB staff from its Corporate Institutional and Business Banking team are expected to move across to Goodbody over time to avoid duplication. Completion of the acquisition is conditional on the satisfaction of customary conditions including approval by the Central Bank of Ireland and the Competition and Consumer Protection Commission. As of June 25, 2021, The Competition and Consumer Protection Commission has approved the transaction. As of August 23, 2021 the Central Bank of Ireland has approved the sale of stockbroker Goodbody Stockbrokers UC to AIB Group plc (ISE:A5G). The transaction is expected to close by the end of year, 2022. Transaction is modestly accretive to earnings and ROTE in the first full year of ownership. Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor to Goodbody Stockbrokers UC. AIB Group plc (ISE:A5G) completed the acquisition of Goodbody Stockbrokers UC on September 1, 2021. Post-acquisition, Goodbody will remain a separately regulated entity and will form part of AIB Capital Markets. AIB Group received all regulatory approvals.