How much did Fexco pay for Goodbody?
How much did Fexco pay for Goodbody?
In 2010, Fexco acquired 75% of Goodbody Stockbrokers for a reported bargain price of €24 million with the management take the remaining 25% stake in the business.
Who is buying Goodbody?
AIB
AIB agreed in March to buy Goodbody for €138m after approaching the firm last year in the wake of Bank of China’s withdrawal from an earlier sale agreement.
Did AIB own Goodbodys before?
AIB, which previously owned Goodbody for 21 years, was forced to sell the firm a decade ago for €24 million as the bank went through a European Union restructuring plan tied to its taxpayer bailout.
Is fexco safe?
Is my money safe with Fexco? Yes. As a regulated financial institution we use robust client asset procedures to keep your funds protected. We also use major partner banks to distribute our international payments safely and securely.
Why is AIB buying Goodbody?
In March, AIB said the deal was consistent with its strategy announced last December to make “selective investments” in order to address gaps in its overall customer offering and diversify income streams.
Who owns Goodbody Stockbrokers?
Fexco
Goodbody Holdings Limited
Goodbody Stockbrokers/Parent organizations
Goodbody is 51% owned by Co Kerry-based financial services firm Fexco. The rest is owned by management and certain staff, led by its managing director Roy Barrett.
Who are the Board of directors of Fexco?
Brian has been instrumental in the development and growth of the company since its foundation. Brian worked with Allied Irish Banks from 1963 to 1981. He is a member of the UCC Foundation Committee and a Director of Radio Kerry. Previously, he was Chairman of the Interim Prisons Board of the Irish Prisons Authority for a period of 12 years.
What kind of acquisition strategy does Fexco have?
Through a strategic acquisition strategy the company has built an enduring, international network of partners and customers through which it delivers its broad range of products and services. Careers. Be at Fexco.
What kind of payment services does Fexco offer?
Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients. Outsourcing Services. Providing a full suite of award winning end-to-end business process outsourcing solutions including customer contact experience and expense management services.
How did Fexco get into the tourist business?
Three years after he established the company, the Government introduced tax-free shopping for tourists from outside the EU, or EC as it was then. This meant that visitors could reclaim Vat on purchases made in the Republic. McCarthy quickly cottoned on to what was another opportunity, and began offering tourists a Vat reclaim service.