State to claw back up to €3.8bn from AIB sale

The Government looks set to raise up to €3.8bn from this month’s sale of the first tranche of the State’s 99.8% stake in AIB.

The bank is also set to have a company valuation worth between €10.6bn and €13.3bn upon a quarter of its shares going live on the Irish and London stock exchanges at the end of June.

After effectively giving the green light last month to the sale of 25% of the taxpayers’ 99.8% holding in the bank, the Department of Finance last night issued the formal prospectus for the partial initial public offering (IPO).