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. John Hogan:
The latest is that the State sold a tranche of a shareholding in AIB earlier this month. It has reduced our shareholding from 62% to 57% and generated almost €400 million for the Exchequer. The key point is that we have gone down below 60% in terms of the shareholding. The placing price of the share was about €2.96. The gross proceeds, as I said, were close to €400 million. Those are the main details, although my colleagues might want to add to that.