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AIB Expects Irish State Share to Reduce to Single Digits by May

AIB Expects Irish State Share to Reduce to Single Digits by May

Bloomberg05-03-2025
AIB Group Plc expects the Irish state to reduce its shareholding to single digits by May after receiving regulatory approval for a €1.2 billion ($1.3 billion) buyback, the bank's chief financial officer said after its annual results statement.
'That proposal will need to be voted on by our shareholders on May 1 at our AGM. And if it were successful, which I expect it will be, and if we were able to transact with the government, that would reduce their shareholding by another 7%, leaving them at 5%,' Donal Galvin said in an interview with Bloomberg.
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