Government eyes divesting shares in BoI

It is believed that the Government is looking at divesting its preference shares in Bank of Ireland.

The Irish Examiner has learned that a number of corporate finance firms have been contacted by the Department of Finance with a view to a potential sale of the €1.8bn Bank of Ireland preference shares held by the State.

Following the sale on Jan 9 of the €1bn contingent capital notes the Government held in Bank of Ireland, Finance Minister Michael Noonan said that remaining stakes in the pillar banks could be sold in the future.