Friday December 13, 2019

Noonan unveils plan to sell off 25% of state's AIB shares

Finance minister reveals sale will have taken place by the autumn

Michael Brennan

Political Editor

@obraonain
7th March, 2017

Finance minister Michael Noonan has given the cabinet details of his plan to sell 25 per cent of the state's AIB shares in the coming months.

AIB is 99 per cent state owned after it was bailed out with a €20 billion injection of state funds during the banking crisis.

The government sees the sell of AIB as the best route to recover the €20 billion invested by taxpayers.

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