AIB Group plc has welcomed the further divestment of the State's shareholding in AIB Group. Earlier, the Minister for Finance, Paschal Donohoe TD, announced the successful completion of the disposal of part of the Irish State's shareholding in AIB Group plc, by way of a placing of shares in an accelerated book building process to institutional investors. Following settlement of the Placing which will take place on 30 January 2025, the overall size of the State's shareholding will be reduced by approximately 5%, which brings the State's shareholding to approximately 12.5%.
AIB Group CEO Colin Hunt, said: "It will return a further approximately 652 million euros to Irish taxpayers to whom AIB is deeply grateful, for their support during the financial crisis. This brings the total proceeds returned to the State to approximately 18 billion euros."
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