Advisers on AIB sale to be selected this month

It is expected that advisers on the sale of AIB will be appointed before the end of this year.

The Department of Finance is in talks with a number of domestic and international firms to advise on the part privatisation of the 99.8% State-owned bank.

The Department of Finance said the selection process was ongoing and there was no current timeframe on when the successful candidates would be picked. However, a person with knowledge of the situation said that Finance Minister Michael Noonan would unveil the advisory team before the Government breaks for Christmas.