State to sell further 5 per cent of its AIB shareholding

27/06/2022 20:15:00

Overall size of the state’s shareholding will be reduced from 68.5 per cent to 63.5 per cent

Overall size of the State’s shareholding in AIB will be reduced from 68.5 per cent to 63.5 per cent

Overall size of the state’s shareholding will be reduced from 68.5 per cent to 63.5 per cent

Banking The State is to sell a further 5 per cent of its shareholding in AIB, Minster for Finance Paschal Donohoe has announced.Seenh & Heard: pub insurance claims, offshore floating wind farms and pay talks for aviation workers also make the headlines Expand The Long Hall pub in Dublin, whose operator is suing insurer FBD for €1.Move will reduce State’s holding in lender to 63.Move will reduce State’s holding in lender to 63.

The disposal of these shares will be by way of a placing to institutional investors (the placing).As a result of the placing, the overall size of the State’s shareholding in AIB will be reduced from approximately 68.If successful, the complaints would add to a bill of at least €600 million already incurred by AIB for customer redress, professional fees and administrative overheads arising from the tracker mortgage scandal.5 per cent to approximately 63.Photograph: Leah Farrell / RollingNews.5 per cent.The Central Bank of Ireland last week fined the mostly State-owned group a record €96.The price at which the shares are sold.The State’s holding in the bank — built up after the lender was rescued in the wake of the 2008 financial crisis — is being drip-fed on to the market.

.FBD sued by Long Hall pub One of Dublin’s best-known pubs, the Long Hall on South Great Georges Street, is suing insurer FBD for €1.The shares are to be sold in a placing to institutional investors...Publican Marcus Houlihan said in recently-filed accounts for Long Hall Lounge Bars that it has notified FBD of the claim taken under a business interruption insurance policy.

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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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AIB faces possible extra tracker mortgage billAIB faces possible extra tracker mortgage bill via IrishTimesBiz

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