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Ireland Cuts Aib Stake to 12.5%
Published by Global Banking & Finance Review®
Posted on January 27, 2025
1 min readLast updated: January 27, 2026
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Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on January 27, 2025
1 min readLast updated: January 27, 2026
Add as preferred source on GoogleIreland reduced its AIB Group stake to 12.5% from 17.5%, raising 652 million euros through a sale to institutional investors.
DUBLIN (Reuters) - Ireland has cut its shareholding in AIB Group to 12.5% from 17.5% through a placement to institutional investors, yielding 652 million euros, the government said on Tuesday.
The finance ministry said in a statement that it sold 116 million shares in an accelerated placement, with a placing price of 5.60 per share.
(Reporting by Padraic Halpin and Conor Humphries; Editing by Tomasz Janowski, Kirsten Donovan)
Ireland has reduced its shareholding in AIB Group to 12.5% from 17.5%.
The sale yielded 652 million euros for the government.
The placing price for the AIB shares was 5.60 euros per share.
Ireland sold 116 million shares in the accelerated placement.
The article was reported by Padraic Halpin and Conor Humphries.
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