Banking

Government raises almost €515m from latest sale of 5% stake in AIB

The state has now raised €13.6 billion from share sales, dividends and other returns since its €20 billion bailout of the lender after the financial crash

Michael McGrath, the minister for finance, said the latest sale of AIB share represented a normalisation of the relationship between the state and the bank

The Irish government has generated almost €515 million from the sale of a 5 per cent stake in AIB, which reduces its overall holding in ...