Irish finance minister: never decided AIB IPO would be in 2017



Ireland never decided for certain it would offer a 25 percent stake in state-owned Allied Irish Banks (ALBK.I) next year and will sell when the time is right, Finance Minister Michael Noonan said on Tuesday.
Earlier this year Dublin pushed back the likely timetable for partially cashing out its 21 billion euro ($23 billion) investment in the 99 percent state-owned bank to the first half of 2017 from late 2016, citing unfavourable market conditions.
"We never decided we would have (an initial public offering) in 2017, the only consideration is the amount of money we can recover for the... read more

 
11 October 2016 in Business, Views: 37
Source: Reuters
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