Oireachtas Joint and Select Committees

Tuesday, 26 September 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland (Resumed): Allied Irish Banks

4:00 pm

Mr. Mark Bourke:

No, but it was the usual suspects in long-only investment, as the Senator would imagine. For us it was a very successful book-build, and for the Government a sale-on, because it was predominantly sold to people who would hold for a long period of time, whether they be wealth funds or long-only investors. That means the shareholder base is stable, therefore as the Government considers where to go next, it is known that the shareholder base is prepared to build from there.