Oireachtas Joint and Select Committees

Thursday, 17 November 2022

Public Accounts Committee

2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund

9:30 am

Mr. Des Carville:

I thank the Deputy for the question. If we start back in 2017, we had more than 99% of the bank. Government policy has reduced its shareholding in a carefully controlled manner ultimately to 0%, like we did with Bank of Ireland. In 2017, we sold €3.4 billion worth of shares in the bank, which was the second largest initial public offering, IPO, in the world that year. We literally could not have sold anything more than what we sold in that transaction.


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