The State sells more shares in AIB for €300m

The Government previously raised €161m through selling shares, which brought its, and subsequently the taxpayers, stake in AIB to 68.5% from 71.1% over the last six months. 

Photograph: Leah Farrell / RollingNews.ie

Minister for Finance Paschal Donohoe announced the sale of a 5% shares in AIB, bringing the Irish taxpayer’s stake in the bank to almost 64%.

The sale by the Government is worth approximately €300m.