AIB Group plc (ISE:A5G) agreed to acquire Irish tracker mortgage portfolio of NatWest Group from Ulster Bank Ireland Designated Activity Company for €5.4 billion on June 1, 2022. The mortgages will be administered by a third party service provider and are expected to be accretive to earnings in 2023. The transaction is subject to obtaining any relevant regulatory approvals and satisfying the conditions. Completion of this sale is expected to occur in Q2 2023.