Sunday October 25, 2020

Noonan presses the button to sell 25% of state's AIB shares

Finance minister says strong progress made by AIB and current market conditions means "now is the right time"

30th May, 2017
Noonan poised to trigger sale Pic: Photocall

Finance minister Michael Noonan has pressed the button to sell around 25 per cent of taxpayers' shareholding in AIB on the Dublin and London stock markets.

In his final major decision as minister, Noonan said the "strong progress made by AIB and current market conditions mean that now is the right time" to commence the process of reducing the state's 99.9% stake in the bank.

The government said that ordinary investors will have the chance to participate...

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