(Alliance News) - The Irish state on Monday said it plans to sell a 5.0% stake in AIB Group PLC via a placing.
The sale of 133.7 million shares represents 7.3% of the Irish government's total shareholding in AIB. Following the transaction, the state will own 63.5% of AIB, down from 68.5% currently.
Goldman Sachs International and Goodbody Stockbrokers UC have been appointed to act as joint bookrunners in connection with the placing.
Shares in AIB closed up 0.2% at 209.00 pence in London on Monday.
By Lucy Heming; lucyheming@alliancenews.com
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Aib Group (AIBG)