State brings its stake in AIB down to 57%

The stake sale is part of the Government's drive to sell down bank stakes acquired during the financial crisis.This most recent placing marked the second time in five months that it has sold a larger chunk of shares in the bank in one go.

Minister Donohoe said that today's sale was well received by a large number of international institutional investors. "AIB owes the Irish taxpayer an immense debt of gratitude for its support during the financial crisis. We remain focused on our strategy to grow and strengthen the Group to ensure we continue generating sustainable returns for all our shareholders," he added.

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