Finance Minister extends AIB share trading plan to July

📆 06/01/2023 13:20:00
📰 RTEbusiness

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A total of €286.4m has been raised so far from the AIB trading plan since it was first announced last year.

The Minister said the trading plan has been successful to date in gradually reducing the State's investment in the bank and improving liquidity in its shares.

Phase two of the trading plan was paused on November 7 for 64 days after the latest AIB share sale by the State, and was otherwise due to end no later than 24 January 2023. The State pumped €64 billion into the country's banks just over a decade ago following a huge property crash.Its stake in Permanent TSB is to fall to 62% from 75% after NatWest took a minority stake in the bank following the completion of its sale of €5.2 billion of Irish mortgages to PTSB in November.

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