AIB Group plc has expressed approval for the continued reduction of the State's stake in the company. Recently, Paschal Donohoe TD, the Minister for Finance, announced the successful sale of a portion of the Irish State's share in AIB Group plc. This was achieved through the placement of shares during an accelerated book-building process directed at institutional investors. Upon the settlement of this transaction, scheduled for January 30, 2025, the State's ownership percentage in AIB will decrease by about 5%, adjusting its stake to roughly 12.5%.
Colin Hunt, CEO of AIB Group, remarked, "This transaction will return an additional approximately €652 million to Irish taxpayers. AIB is profoundly grateful for their support during the financial crisis. With this sale, the total amount returned to the State reaches approximately €18 billion."
