Allied Irish Bank
AIB
- still active
The Irish State has been AIB majority shareholder since April 2011 through the National Pension Reserve Fund (now Irish Strategic Investment Fund). The Educational Building Society (EBS) was taken into state ownership through absorption into AIB on 1 July 2011. In 2017, the Shareholding and Financial Advisory Division (SFAD) planned and implemented an Initial Public Offering (IPO) of a portion of the State’s shares in AIB, listing the stock on the premium segment of the Irish and London stock exchanges. The IPO resulted in the sale of 28.75% of the banks ordinary shares (including a greenshoe mechanism) and recouped €3.4 billion for the Irish exchequer. The State now retains about 71% of the bank’s Ordinary Shares.