Banking
Government cuts stake in AIB to 53% with sale of €215m worth of shares
Move means the state’s share in AIB has fallen from 71% at the start of 2022 as it has embarked on a programme of selling down
AIB has agreed to buy €215.3 million worth of shares back from the government, in a move that cuts the state’s stake in the bank to 53.4 per cent.
The move is the latest in a series of selloffs from the government of its shareholding in Irish lenders, and the transaction involves 54.7 million shares – worth about 2.05 per cent of AIB’s issued share capital, the bank said this morning.
The buyback was completed ...