Total exit by State from AIB in 2025 ‘within the bounds of possibility’, CEO Colin Hunt says

Seen & Heard: AIB could be fully back in private hands in 2025, as a buyback next month prepares to reduce the government’s stake in the country’s second-biggest bank to just over a third, according to the Financial Times on foot of an interview with the bank’s chief executive Colin Hunt.

According to the FT, analysts believe that if last year’s pace of reductions is continued, the State holding could hit the low 20s by year-end. A total exit in 2025 is “certainly within the bounds of possibility”, Mr Hunt said.

The Sunday Times said the asking price will be €40 million, half the €80 million sought by Korean fund, KB Financial Group, last year. A growing number of businesses are opting to wind up rather than pay taxes deferred in a Covid support scheme, the Business Post reported.

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