Are you an AIB customer? Government reveals plans to sell a quarter of its shares in AIB for €3bn – TheLiberal.ie – Our News, Your Views

Are you an AIB customer? Government reveals plans to sell a quarter of its shares in AIB for €3bn




The Minister for Finance Michael Noonan has revealed this evening that the Government are currently looking at the possibility of selling it’s shares in AIB.

It is thought that the state are keen to offload a vast a majority of it’s €12bn shares by May or June this year.

Minster Noonan said today that the offloading of such shares would provide the state with an extra €3bn capitol.

Mr Noonan told reporters: “The banks have dealt with over 50% of their non-performing loans now. All the banks are trading profitably and we’re set to organise an IPO (Initial public offering) in May or June to sell around 25% of it.”

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