Opposition hits out at plans to sell 25% AIB stake

The State’s sale of a 25% stake in AIB has dominated discussion in the Dáil with opposition parties hitting out at the Government’s plans.

While Fianna Fáil have no objections to the flotation, Micheál Martin suggested revenue generated from the sell-off should be pumped into infrastructure and not simply used to pay down our debt. However, Sinn Féin believes the State should retain its entire stake in the bank.

The sale, which is likely to be completed over the next four weeks, is expected to raise more than €3bn.