AIB Group (AIBRF) has released an update.
AIB Group plc has announced a significant shift in its ownership structure with the Irish government reducing its stake from 30% to approximately 25.5%, a transaction that nets around €593 million for Irish taxpayers. This sale marks a continuation of the state’s divestment process and brings the total funds recouped by the government to over €16 billion since the financial crisis. AIB Group’s CEO, Colin Hunt, hails this move as a milestone towards normalizing the Group’s share register and expresses confidence in the Group’s strategic direction and its ability to deliver shareholder value.
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