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How much? Sale of Allied Irish Banks has government walking a fine line

Friday, June 9, 2017 - 05:50

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While Mr Noonan (above) will set the price range, he is due to retire when MPs elect a new premier next week. His successor will decide the final price.

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"Pricing the IPO is a delicate balance between avoiding the fallout after Permanent TSB's listing and harnessing the market's enthusiasm for banks currently." - Jonathan Tyce, an analyst with Bloomberg Intelligence in London

Dublin

AS Irish Finance Minister Michael Noonan prepares to sell off Allied Irish Banks Plc (AIB) in London's biggest share sale this year, he faces a dilemma.

Should the outgoing minister, in his last big decision, set the value too low next week, he risks annoying the taxpayers

sentifi.com

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