AIB sets out details of capital restructuring plan
The bank is planning to cut the number of shares in issue by 99 per cent
AIB has announced further details of its planned capital reorganisation, which will include an initial repayment of €1.7 billion in state aid, as finance minister Michael Noonan said he was confident of recovering the full value of the state's €20.8 billion investment in the bank.
The bank said in a statement that it is working with the Department of Finance to finalise the terms of the capital reorganisation, designed to simplify and rationalise ...
