Picture of AIB logo

AIBG — AIB News Story

0.000.00%
gb flag iconLast trade - 00:00
FinancialsAdventurousLarge CapTurnaround

Ireland receives final 390 million euros from AIB after warrants cancelled

DUBLIN, Oct 31 (Reuters) - AIB AIBG.I has bought back and cancelled stock warrants the government held in the lender for 390 million euros ($455 million), bringing the final amount the state recouped from its investment in the bank to 20.2 billion euros.

The government effectively nationalised AIB Group 15 years ago at a cost of 20.8 billion euros as part of a sector-wide bailout.

The state hopes to offload the last of its bank shareholdings as part of a sale announced by mortgage lender Permanent TSB PTSB.I on Thursday.

($1 = 0.8575 euros)

 (Reporting by Padraic Halpin
Editing by Mark Potter)

 ((padraic.halpin@thomsonreuters.com; +353 1 500 1504; Reuters Messaging: padraic.halpin.thomsonreuters.com@reuters.net))

Recent news on AIB

See all news