RE: Bizarre24 Jun 2021 11:25
The Minister said that the main reason he has decided to sell shares is to signal his confidence about an economic rebound from the Covid-19 crisis and Irish banks’ ability to benefit from this. However, with the shares trading at about 40 per cent below their intrinsic value, or the value that analysts put on the bank’s net assets, even after a strong rally from last year’s lows, questions may be raised about the timing of the sale.
Mr Donohoe insisted he was “confident” the Irish taxpayer would get a good price for the shares.