Noonan: State will recoup AIB money over 10 years

Finance Minister Michael Noonan says he won’t sell more than 25% of AIB in a first step toward private ownership, with October the earliest time for the Government to reduce its stake.

“I don’t think the window of opportunity arises until October, November of this year” to start selling AIB shares “but there are other windows that emerge in 2016”, Mr Noonan said in London yesterday.

“The fact that there’s an election in 2016 won’t change the timeline,” he said.