The accelerated placement was priced at €4.90 per share, compared to €3.93 per share during a similar sale last November.

Newly appointed Minister for Finance Jack Chambers commented, “This transaction was well received, with significant demand from a large number of high-quality international institutional investors.

“We continue to make significant progress in reducing the State’s shareholding in AIB, with our stake dropping from approximately 71 percent at the beginning of 2022 to around 25.5 percent today.”

Chambers noted that the State’s current shareholding in AIB is worth about €3.1 billion and stated, “We will assess additional opportunities for share sales as they arise.”

“Our goal is to normalise the relationship between the State and AIB, as we believe banking should primarily be provided by the private sector,” he added.