State to sell further 5% stake in AIB

€2.1bn has been raised from the AIB trading plan since it became operational in January 2022.

Once concluded, the sale would see the State’s ownership of the bank drop close to 12.5%.

The State is seeking to further cut its shareholding in AIB by 5%.

Finance Minister Paschal Donohoe said he intends to cut Government shareholding by way of an accelerated bookbuild (ABB) transaction.