The Irish government has raised 161 million euro from the sale of Allied Irish Banks (AIB) shares during the past six months, reducing its ownership to 68 percent from 71 percent, as reported by the Irish finance ministry on Friday.
The Irish government has raised 161 million euro from the sale of Allied Irish Banks (AIB) shares during the past six months, reducing its ownership to 68 percent from 71 percent, as reported by the Irish finance ministry on Friday.
After selling a portion of its shares in the nation’s largest mortgage lender for an average price of 2.32 euros, the government prolonged the sale of the remaining shares. On Thursday, AIB shares ended at 2.43 euros.
When announcing the commencement of the share trading programme, Finance Minister Paschal Donohoe stated that the state’s withdrawal from its stake in AIB will be a multi-year process.
“I will continue to keep my choices for monetisation open, should these possibilities arise.”
Using a similar strategy, the government has decreased its ownership in Bank of Ireland, the country’s largest lender by assets, down below 3 percent during the past year.
