AIB proceeds with buyback to cut Government stake

European shares buoyed by trade deal news

AIB shares rise to €6.245 following buyback price agreed with Government

AIB board pulls the trigger on €1.2bn buyback of State’s shares

AIB has bought a €1.2bn portion of the State's remaining shares in the bank - representing 8.2pc of its total stock. The so-called directed buyback had hung in the balance after shares fell below the minimum price of €6.2607 a share agreed with the government in March, but the stock had recovered in recent days.

AIB proceeds with buyback to cut Government stake

AIB has agreed to proceed with a direct share buyback with the State as its share price rose back above the agreed buyback price, allowing it to cut the Government's stake in the bank to 3.3% from just under 12%.

AIB Proceeds With 1.2 Billion Buyback with Irish State

AIB Group Plc’s board will proceed with a €1.2 billion ($1.4 billion) share buyback from the Irish state, after shareholders approved the deal that will put the bank on the brink of full private ownership.

AIB purchase €1.2bn Group shares from the Minister of Finance

AIB Group plc has reached an agreement with the Minister for Finance to repurchase 191.7 million of its ordinary shares for a total consideration of €1.2bn. This off-market transaction, priced at €6.2607 per share, represents approximately 8.2% of AIB’s issued share capital and is scheduled to settle on 9 May 2025. The share buyback was approved by shareholders at AIB’s Annual General Meeting on 1 May 2025, with the formal agreement (the “Buybac…