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The State has sold another 5% of its stake in AIB, which reduces its shareholding in the bank from 17.5% to 12.5%.

The Irish government is offering a 5% stake in Allied Irish Banks (AIB), reducing its holding from 17.5% to 12.5%. In a statement, the finance ministry said on Tuesday it had sold 116 million ...

AIB Group chief executive officer Colin Hunt welcomed the move and said it was “another important milestone” in returning the state’s investment. “It will return a further c. 652 million ...

The State sold a 5% stake in AIB at a price of €5.60 per share, which will generate around €652 million upon settlement.

The Finance ministry has committed to not sell any more AIB shares for 90 days. Following the tax payer bailout of key Irish banks during the financial crisis of 2008, the government had owned more ...

Ireland could entirely offload its stake in the lender this year after nationalising the bank more than a decade ago.View on euronews ...

652 million euro to Irish taxpayers to whom AIB is deeply grateful for their support during the financial crisis. This brings the total proceeds returned to the state to c. 18 billion euro Colin Hunt, ...

AIB Group plc has welcomed the further divestment of the State's shareholding in AIB Group. Earlier, the Minister for Finance, ...

"We very much welcome the decision and subsequent transaction undertaken by the Minister for Finance," AIB Group's Chief Executive Colin Hunt said in a separate statement. This story was corrected ...

AIB Group CEO Colin Hunt, said: "It will return a further approximately 652 million euros to Irish taxpayers to whom AIB is deeply grateful, for their support during the financial crisis.