The State is to sell a further 5 per cent of its shareholding in AIB, Minster for Finance Paschal Donohoe has announced.
The disposal of these shares will be by way of a placing to institutional investors . As a result of the placing, the overall size of the State’s shareholding in AIB will be reduced from approximately 68.5 per cent to approximately 63.5 per cent.
Can we assume the money made on this sale will be put back in to the depleted pension fund where the money that saved the bank came from, rather than in to Paschals pocket so he can use it for more sweetheart deals?
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