Allied Irish Banks (Adr) (AIBRF) has released an update.
Allied Irish Banks Group PLC (AIBG) has announced a significant change in its shareholder structure, with the Irish Minister for Finance, through the Ireland Strategic Investment Fund (ISIF), reducing its stake from 37.99% to 30.05%. The change, reported on May 3, 2024, and notified to AIBG on May 7, indicates that the Irish government’s direct voting rights in the bank have fallen below the 31% threshold. This adjustment in shareholding may point towards a shift in the government’s involvement in the bank’s ownership.
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