Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Ireland to decide on AIB IPO in the next 48 hours - PM

Published 30/05/2017, 16:20
© Reuters. A gardener mows the grass outside the headquarters of AIB on the day the bank announced it's results, in Dublin
AIBG
-

DUBLIN (Reuters) - Irish Finance Minister Michael Noonan informed cabinet on Tuesday that he expects to make a decision in the next 48 hours on whether to launch an initial public offering of Allied Irish Bank (I:ALBK), Prime Minister Enda Kenny said.

Ireland's government has appointed several banks to act as bookrunners and global coordinators for the potential sale of its 25 percent stake in AIB, and Noonan has said the nearest window to sell the shares runs from mid-May to the end of June.

© Reuters. A gardener mows the grass outside the headquarters of AIB on the day the bank announced it's results, in Dublin

"The minister informed the government of his process to this point. He said in the next 48 hours, he would expect to make a decision," Kenny told parliament.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.