Friday October 30, 2020

British election won't scupper AIB sale

Price range still on track to be announced next week, sources say

9th June, 2017
AIB price range timetable still on track. Pic: Fergal Phillips

In what is likely to be his last major decision as Finance Minister, Michael Noonan last week gave the go-ahead for the sale.

The government plans to sell just over 25 per cent of AIB to private investors. The bank is officially valued by the Irish Strategic Investment Fund, which holds the taxpayers' stake, at €11.3 billion.

However, that does not take into account the improvement in the health of the bank since the end of...

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