Department of Finance officials said pay debate to kickstart as State’s holding fell below 50% via IrishTimesBiz
Officials said the €3.64 per share price was the “highest we believed we could push investors without losing significant orders”, according to a post-sale briefing for the Minister. It said there had been strong demand from investors and that in the aftermath, AIB shares had traded higher in a range that the Department of Finance was happy with at between 2.5 and 3.85 per cent.
“While the State’s shareholding in AIB has reduced since the beginning of 2022, the value of our shareholding today is €504 million higher than at the start of the year given the upward trajectory of AIB’s share price over this period,” said the submission.
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