Ireland to cut AIB stake to 12.5% in latest share sale

Industry:    4 weeks ago

Ireland plans to cut its shareholding in AIB Group to around 12.5% from 17.5% through a placement to institutional investors, the government said on Monday.

The finance ministry said in a statement that it plans to sell 116 million shares in an accelerated placement, as it moves to potentially offload the last of its holding in the bank this year.

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