GoldmanSachs to advise Government on recouping AIB bailout

The Government has picked Goldman Sachs to advise on how to recoup a €21bn taxpayer bailout of AIB.

The appointment is scheduled for six months, though may last longer, the Department of Finance said in an emailed statement yesterday.

Naming Goldman Sachs doesn’t necessarily mean the state will sell shares in AIB in 2015, the ministry said, as a “considerable amount of work” remains to be done on the lender’s capital structure.