Noonan unveils plan to sell off 25% of state's AIB shares
Finance minister reveals sale will have taken place by the autumn
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.
Hetold ministers that the sale could take place in May, June or in the autumn.
AIB is 99 per cent state owned after it was bailed out with a €20 billion injection of state funds during the banking crisis.
A government spokesman said the AIB sale proceeds will be used to pay down debt. Hesaid the decision on when to sell will be influenced by market conditions at the time.
