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Allied Irish IPO in coming weeks not yet inevitable - minister
April 10, 2017 / 12:41 PM / 6 months ago

Allied Irish IPO in coming weeks not yet inevitable - minister

DUBLIN, April 10 (Reuters) - It is not yet inevitable that Ireland will launch an initial public offering of state-owned Allied Irish Banks in the coming weeks and the government will have to decide by the middle of May, finance minister Michael Noonan said on Monday.

Ireland has appointed a number of investment banks to act as a bookrunners and global coordinators for the potential sale of a 25 percent stake in AIB and Noonan has said the nearest window to sell the shares would be some time in May or June.

“It’s not inevitable yet, but all the preliminary hurdles are being crossed successfully. It will be about mid-May before we reach the point of no return,” Noonan told reporters. (Reporting by Conor Humprhies, editing by Padraic Halpin, editing by Louise Heavens)

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