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Evening Standard
Evening Standard
Cillian Sherlock

Ireland completes disposal of AIB shares

A 20.8 billion euro bailout saved the lender nine years ago (Niall Carson/PA) - (PA Archive)

Ireland has reduced its shareholding in Allied Irish Banks (AIB) to zero, completing its return of the bank to private ownership after the financial crash.

AIB’s exposure to Ireland’s property market crash nine years ago brought the country to its knees and triggered a 20.8 billion euro bailout to save the lender from the abyss.

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