DUBLIN (Reuters) - Ireland plans to cut its shareholding in AIB Group to around 12.5% from 17.5% through a placement to institutional investors, the government said on Monday. The finance ministry
Ireland Reduces AIB Stake to 12.5% Through Institutional Sale
DUBLIN (Reuters) - Ireland has cut its shareholding in AIB Group to 12.5% from 17.5% through a placement to institutional investors, yielding 652 million euros, the government said on Tuesday.
The finance ministry said in a statement that it sold 116 million shares in an accelerated placement, with a placing price of 5.60 per share.
(Reporting by Padraic Halpin and Conor Humphries; Editing by Tomasz Janowski, Kirsten Donovan)
