Ireland's Department of Finance approves €500m AIB share buyback, reducing state stake to 21%.

Ireland's Department of Finance has approved a €500 million share buyback by Allied Irish Banks (AIB), reducing the state's stake to around 21%. The buyback, announced on September 2, priced shares at €5.44, the highest since February 2018. This move allows the state to recover a total of €16.6 billion from its AIB investment, with proceeds to be managed by the Irish Strategic Investment Fund.

October 29, 2024
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