Dept of Finance said State was 'in the money' ahead of Bank of Ireland sale

An internal presentation said the sale of Bank of Ireland stock would allow the department to signal that the “privatisation programme is back on”.

Finance Minister Paschal Donohoe announced in June that the government would be selling off its 13.9% stake in Bank of Ireland through a pre-arranged trading plan.

THE Department of Finance said the State was already “in the money” as it planned a sale of its stake in Bank of Ireland.

Finance Minister Paschal Donohoe announced in June that the government would be selling off its 13.9% stake in the bank through a pre-arranged trading plan.