Government further lowers Bank of Ireland stake ahead of AIB share sale

The State now owns less than 8% of BoI, and the AIB sale is latest stage of a phased exit from its large shareholding

'The bank’s financial performance has improved significantly while investor appetite for banks is also recovering,' said Paschal Donohoe of the planned sale of AIB shares. 

Finance Minister Paschal Donohoe has announced his intention to sell part of the State’s 71.12% directed shareholding in AIB.

The sale will take place over the next six months through a pre-arranged trading plan that will be managed by Merrill Lynch International. The number of shares to be sold will depend on market conditions.