The Government has sold 25% of it’s share in AIB in it’s Initial Public Offering.
The bank began sharing on the Dublin and London stock exchange at a value of €4.40 at 8am this morning and rose to 7.7% at one point. It has generated over €2.8 billion.
The Government took majority control of AIB in 2010 after the financial crash and is now seeking to return it’s holdings to the private sector.
Sinn Fein Finance Spokeperson and Donegal TD, Pearse Doherty, feels that this is a decision that we will regret.
Normal trading will begin on Tuesday