State to sell further 5% of its stake in AIB 

The overall size of the Irish State’s shareholding in the bank will be reduced from approximately 45.8% to approximately 40.8%

In June, the State cut its shareholding in AIB to below 50% for the first time since effectively nationalising the bank more than a decade ago. Picture: Aidan Crawley/Bloomberg

The State is to cut its shareholding in AIB further announcing plans to dispose of approximately 5% of the group.

The Minister for Finance Michael McGrath said the disposal of the shares will be by way of a placing to institutional investors.