By Ian Walker
The Irish government plans to sell its remaining shares in AIB Group via a share placing to institutional investors.
The Minister for Finance, Paschal Donohoe, said late Monday that the Irish State plans to sell 44 million shares in AIB, or 2.06% of its issued share capital, via a bookbuild process.
The shares were worth 308.4 million euros ($356.6 million) based on AIB's closing price of 7.01 Euros on Monday.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
June 17, 2025 01:15 ET (05:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.