Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

123. To ask the Minister for Finance to provide additional detail on the most recent sale of State assets for a 5% stake in AIB, making specific reference to the purchase by international institutional investors; and if he will make a statement on the matter. [5115/25]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

As you may be aware, on 28th January 2025, I announced the successful completion of the disposal of a further 5% of the State’s shareholding in AIB by way of an accelerated bookbuild.

Key points of the share sale:

• The State’s shareholding in AIB reduced by 5% from c. 17.5% to c. 12.5% following this transaction.
• The Placing price was €5.60 per share representing a 2.27% discount on Monday 27th January 2025 closing price (€5.73).
• The proceeds from the sale amounted to approximately €652m.
• The price achieved on this transaction was c. 14% higher (€5.60 v €4.90) than what was achieved in our previous accelerated bookbuild transaction in AIB last June while also achieving a lower discount (2.27% v 2.78%).
• This transaction was once again well received with significant demand from a large number of international institutional investors (as is typical with accelerated bookbuild transaction, the shares that are being sold are bought by institutional investors following a bookbuilding process).