Ireland to Sell Part of $807 Million Bank of Ireland Stake
- The Irish government has a 13.9% holding in the lender
- Finance bailout needed about $76 billion of taxpayer funds
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The Irish government plans to sell part of its 676 million euro ($807 million) stake in Bank of Ireland Group Plc. over the next six months or so, the latest stage in its bid to recoup the bank bailout that almost bankrupted the nation.
Part of Ireland’s 13.9% shareholding in the bank will be sold through a pre-arranged trading plan that will be managed by Citigroup, Ireland’s finance ministry said in a statement Wednesday.