Irish Life sale will include additional €40m state dividend - Noonan

Minister Michael Noonan said that the €1.3bn Irish Life sale will include an additional €40m dividend for the State and that €10bn has been invested in State entities in the last 6 months.

19th February, 2013
“This is a historic transaction," said Michael Noonan.

Finance minister Michael Noonan has said that the €1.3 billion sale of Irish Life will include an additional dividend of €40 million being paid to the State prior to completion.

Noonan said that the deal was the first time during the financial crisis that a company in which the government has invested has been returned fully to private ownership.

“This is a historic transaction and provides the Irish taxpayer with a full return on its...

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