Ireland Sells 5% Stake in AIB, Reducing Holding Below Majority for First Time Since Bailout

Minister for Finance Michael McGrath put a 5% stake in AIB on the market, reducing the State's holding to 46.9%.
This transaction is expected to raise about €475 million and will see AIB fall out of majority State ownership for the first time since its €20.8 billion bailout during the financial crisis.
Ireland has gradually been selling shares in AIB since the beginning of 2022.
The state's remaining stake in AIB is worth 4.7 billion euros, which means it is still expected to make a loss on the 21 billion euros it spent bailing out the bank.
BofA Securities, Goldman Sachs International, and Goodbody Stockbrokers are named as joint bookrunners for the latest placing.