herald

Saturday 22 September 2018

More tax cash in AIB

AIB says the taxpayers stake in the bank is likely to increase "substantially beyond" its current 93pc.

It said talks were continuing with the Government to put money into the bank to help it meet Central Bank targets. But, in an update to the stock exchange, AIB said if the State were to achieve this by buying more shares, this was likely to be at a "very low" price.

The bank said it expected discussions with the Government to be completed within the next week.

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