The sale will take place over the next 6 months.
The government is to sell part of its 13.9 percent stake in Bank of Ireland.
It will take place through a pre-arranged trading plan over the next six months, which will be run by Citigroup Global Markets.
The Department of Finance says the number of shares sold will depend on market conditions along with other factors.
Business correspondent Vincent Wall says the decision comes as a surprise:
Government to sell stake in Bank of Ireland https://t.co/OULsXkrxiw
— Irish Independent (@Independent_ie) June 23, 2021
Shares will only be sold above a certain price, which Finance Minister Paschal Donohoe says won't be revealed:
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