DUBLIN, April 10 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)