Ireland's Department of Finance announced the successful completion of a placing of AIB Group plc shares to institutional investors, disposing of part of the Irish State’s holding. Following settlement on 30 January 2025, the State’s stake is expected to fall from about 17.5% to about 12.5%, a reduction of approximately 5% of the company’s ordinary share capital. The placing was priced at EUR 5.60 per share, generating gross proceeds of EUR 652.1 million, which will be returned to the Ireland Strategic Investment Fund pending further consideration by the Minister for Finance. The transaction reduces the State’s holding from 405.6 million ordinary shares to 289.2 million, and includes an undertaking not to sell further shares for 90 calendar days after completion without prior written consent, with the restriction applying to sales under the Minister’s trading plan for 30 calendar days.
Department of Finance (Ireland) 2025-01-28
Ireland's Department of Finance completes accelerated bookbuild sale of 5% of AIB Group for EUR 652 million
Ireland's Department of Finance completed a placing of AIB Group plc shares, reducing the State's stake from 17.5% to 12.5%. The sale, priced at EUR 5.60 per share, generated EUR 652.1 million for the Ireland Strategic Investment Fund. A 90-day restriction on further share sales applies post-completion, with a 30-day restriction under the Minister’s trading plan.