News Formal

Finance Minister extends AIB share trading plan to July

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 61%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Irish Life finance chief David McCarthy dies suddenlyFormer Irish Life finance chief David McCarthy dies suddenly via IrishTimesBiz Just waiting for the antivax conspiracy nuts to say what we all know they will DiedSuddenly_
Source: IrishTimesBiz - 🏆 6. / 77 Read more »