DUBLIN (Reuters) - Ireland will likely sell a 25 percent stake in state-owned Allied Irish Banks (I:ALBK) (AIB) in May or June, Finance Minister Michael Noonan said on Thursday.
Last year Ireland pushed back the likely timetable for a partial sale of its 21 billion euro (17.86 billion pounds) investment to 2017 from 2016, citing unfavourable market conditions. AIB is 99 percent state-owned.
"All the banks are trading profitably and we're set to organise an IPO, probably in May or June, to sell around 25 percent of it," Noonan told journalists in Brussels.