Francesca McDonagh, the chief executive at Bank of Ireland, said that in just over six months, the state holding in Bank of Ireland has halved. Picture: Fergal Phillips
The Irish taxpayer is no longer the largest shareholder in Bank of Ireland after the state cut its crisis-era position in the lender further over recent days. In a stock market update released this afternoon, Bank of Ireland confirmed that the Irish state’s shareholding had fallen from 7.97 per cent to 6.93 per cent .
The reduction, as part of an unwinding of the state’s position in Bank of Ireland announced last year, means Irish taxpayers...
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