McCann FitzGerald LLP
McCann FitzGerald LLP advises AIB on €500m directed share buyback from the Irish Minister for Finance
We are delighted to have again worked with our long-standing client AIB on its buyback of ordinary shares from the Irish Minister for Finance.
The transaction was approved at the annual general meeting of AIB shareholders on 2 May 2024. It follows the completion of another shareholder-approved buyback by AIB of its ordinary shares in May 2024 (for a total consideration of approximately €1 billion) and the sale by the Government of c. 5% of the issued ordinary capital of AIB in June 2024.
On completion, it will reduce the Minister’s shareholding in AIB to approximately 22%.
The McCann FitzGerald LLP team was led by Stephen FitzSimons and Jack Kelly.
Select how you would like to share using the options below