Dublin: Following the sale of its shares in Bank of Ireland, the government is now moving forward with the divestment of its remaining stake in AIB. As part of this process, the state’s shareholding in the bank has been reduced from 17.5% to 12.5%. Minister for Finance Paschal Donohoe has confirmed that the government aims to fully exit its investment in AIB by the end of this year, subject to market conditions.
AIB was nationalised in 2010 after the financial crisis, with the government acquiring a 40% stake in the institution at a cost of €21 billion as part of a broader €64 billion banking sector bailout. Since then, the state has recovered approximately €17.9 billion from its investment. The government began selling shares in AIB in 2021, following the bank’s initial public offering (IPO) in 2017. The full divestment of government shares in the Bank of Ireland was completed in 2022.
In a recent statement, Minister Donohoe announced that the state raised €652 million through the latest share sale, priced at €5.60 per share. He reiterated the government’s commitment to fully exiting its stake in AIB by the end of the year, provided that market conditions remain favourable.
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