Irish government plans to sell 5% stake in AIB, reducing its holding to 25.5%, and recovering €15.7bn from €20.8bn bailout.
The Irish government plans to sell a 5% stake in AIB, reducing its holding to approximately 25.5%, and bringing the State's total cash recovery to date on the bank's €20.8bn crisis-era bailout to €15.7bn. The decision to sell comes as the State looks to extend its AIB share trading plan, managed by Merrill Lynch, for a further six months. This move may place pressure on the government to lift the pay cap at AIB.
June 26, 2024
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