Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Does the Minister have an estimate of the likely proceeds from the sale of such a stake? In some respects, the valuations available to us are meaningless because there is no active market in the trading of AIB shares because the State owns approximately 99.8% of them. Will the Minister confirm that the proceeds of such a sale would be used to pay down debt and that, as a financial transaction, he would not have any additional leeway under the fiscal rules to increase expenditure on the back of one-off proceeds from a sale?

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