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Ireland could review cap on bank share sales - finance minister
June 23, 2017 / 11:53 AM / 5 months ago

Ireland could review cap on bank share sales - finance minister

DUBLIN (Reuters) - Ireland’s minority government would review a pledge to sell a maximum of 25 percent in any of its bank shareholdings by the end of 2018 if the right opportunities arise, Finance Minister Paschal Donohoe said on Friday.

Irish Minister for Public Expenditure Paschal Donohoe speaks during an interview with Reuters at the Ministry of Finance in Dublin, Ireland September 22, 2016. REUTERS/Clodagh Kilcoyne/File Photo

The government inserted the clause in its legislative programme last year and hit the limit for Allied Irish Banks (ALBK.I) on Friday in a 3 billion euro (2.63 billion pounds) initial public offering.

“I will continue to be bound by the programme for government but of course if opportunities were to occur that I believe offered long-term value for the taxpayer, I would go back to cabinet and present options to them in relation to that,” Donohoe told reporters.

Reporting by Padraic Halpin; Editing by William Schomberg

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