Disposal of approximately 5.0% of AIB Group plc
Published on
Last updated on
Published on
Last updated on
Further to his announcement on 27 June 2022, the Minister for Finance Paschal Donohoe announces the successful completion of the disposal of part of the Irish State’s shareholding in AIB Group plc (the "Company"). The disposal was effected by way of a placing (the "Placing") of shares (the "Placing Shares") in an accelerated book building process to institutional investors.
In summary, following settlement of the Placing which will take place on 30 June 2022:
The Minister for Finance has undertaken not to sell further shares in the Company for a period of 90 calendar days following the completion of the Placing without prior written consent.
N.M. Rothschild & Sons Limited (“Rothschild & Co”) is acting as independent financial adviser and William Fry LLP and Allen & Overy LLP are acting as legal counsel to the Department of Finance in connection with the sale