AIB in the spotlight as Ireland plans biggest London IPO of 2017
Allied Irish Banks plc to sell 25% stake in share offering in London and Dublin
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Dublin
THE Irish government fired the starting gun for the initial public offering (IPO) of Allied Irish Banks plc (AIB), laying out a plan to sell 25 per cent of the nationalised lender.
The government plans to sell the AIB stake in a share offering in London and Dublin, with terms to be set in mid-June, the country's finance ministry said in an emailed statement on Tuesday evening. According to previous government estimates, the sale may raise about three billion euros (S$4.64 billion).
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