How much is Fexco worth?
One of the world’s largest e-commerce and payment services companies has bought 25 per cent of Fexco in a deal estimated to be worth £50 million (€63.4 million).
How much did Fexco pay for Goodbody?
The deal was cleared by the CCPC on June 24th. AIB and Goodbody both declined to comment on the Central Bank’s approval. AIB has agreed to purchase Goodbody for €138 million, which includes €56 million in cash.
Who started Fexco?
Brian McCarthy
History. Fexco was set up in 1981 by Brian McCarthy, originally to provide bureau de change services to the Irish market. McCarthy, now acting as Fexco chairman, is also chairman of the Irish Prisons Board. Former Tánaiste Dick Spring was appointed as an executive vice-chairman of Fexco in 2002.
What does Fexco stand for?
Thu, Jun 4, 2020, 15:30. Barry O’Halloran. The foreign exchange and money-transfer business is based in Killorglin, Co Kerry. Image: iStock. Financial services company Fexco wants to let go around 150 of its Irish workers as it grapples with the impact of Covid-19 travel bans on tourism.
Why is AIB buying Goodbody?
AIB said the acquisition of Goodbody is a “critical advancement” in its strategy to provide enhanced customer offerings, particularly in capital markets, corporate finance and wealth management. Goodbody will remain a separately regulated entity and will form part of AIB Capital Markets.
Did AIB own Goodbody?
AIB said on Wednesday it has completed the takeover of Goodbody Stockbrokers, after receiving all necessary regulatory approvals.
What is fexco DCC?
Fexco’s DCC solution for ATM’s gives international cardholders the convenient choice to withdraw cash at the ATM in their home currency. Learn More.
Who is Roy Barrett?
Mr Barrett, the second-longest serving head of a Irish financial services firm, after Cantor Fitzgerald Ireland chief executive Ronan Reid, became chairman of the Football Association of Ireland (FAI) in January last year, as the organisation set about addressing well-documented failures in its governance and finances.
Who did AIB buy?
Goodbody Stockbrokers
AIB said today that it has completed the acquisition of Goodbody Stockbrokers after the deal received all regulatory approvals. The deal to buy Goodbody from its existing shareholders for an enterprise value of about €82m was first announced in March.