Rochester, NY 8/17/2009 4:59:26 PM
Allied Irish Banks plc, AIB - AIB shares Increase Based on the Recent Canadian Investment Reports
Allied Irish Banks plc
Shares in Allied Irish Banks significantly gained a market high last Friday this is soon after the lender confirmed that there’s a company which expressed interest in purchasing a the minority stake of the group.
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Recently, the shares of the company rose more than 10 percent after the Irish Times reported that an unidentified Canadian bank had made an approach to AIB, which has recently reported heavy first-half losses, in the last two weeks.
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