Saturday July 11, 2020

Michael Noonan to sign off on sale of state’s AIB stake

Minister for Finance will brief cabinet meeting on Tuesday, ahead of ‘intention to float’ document going to Irish Stock Exchange on Wednesday

Ian Guider

Markets Editor

28th May, 2017
The government plans to sell just over 25 per cent of AIB to private investors

Michael Noonan is set to give the go-ahead for the sale of part of the taxpayer’s stake in AIB by the middle of this week, in his last major decision as Minister for Finance.

It is expected that Noonan will update the cabinet on Tuesday, and that a file notice to the Stock Exchange (known as an “intention to float” document) will follow on Wednesday morning.

Financial advisers to the sale...

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