Michael Noonan hints at 2018 AIB sale as BoI acts on trackers

Bank of America Merrill Lynch, Davy and Deutsche Bank have formally been appointed to assist the Government in its attempts to return AIB to public ownership.

The Government unveiled the names yesterday following a recent tender process.

However, despite analysts expecting a spring or autumn 2017 sale of around 25% of the State’s 99% AIB stake, the Government yesterday said no fixed timetable has been decided upon and it could be into 2018 before a sale takes place.