Oireachtas Joint and Select Committees
Thursday, 30 November 2023
Public Accounts Committee
Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council
9:30 am
Mr. Des Carville:
The important point there is that the stock market values the future performance of an entity rather than its historical performance. We would like to think a very large part, if not all, of that is built into the share price when we sell. Moreover, we have about €5 billion worth of stock in AIB left to sell and we clearly cannot sell that in one go. The IPO in 2017 was the second largest in the world, and that was only €3.4 billion. We have to try to remain disciplined and sell into a rising market. We will, hopefully, continue to sell at higher prices and there will, hopefully, continue to be a large number of high-quality buyers on the other side-----