Noonan unveils plan to sell off 25% of state's AIB shares

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.

He told 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.

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