On Air Now

11 to 3 with John Dunne

11:00am - 3:00pm

  • 045 901 490
  • 0833-979797

Now Playing

Bob Marley, And The Wailers

Three Little Birds

Government To Sell Part Of Its Stake In Bank Of Ireland.

Stock image: Pexels

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:

 

 

Shares will only be sold above a certain price, which Finance Minister Paschal Donohoe says won't be revealed:

.

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Mon

    Sunny intervals

    21°C

  • Tue

    Heavy rain shower

    21°C

  • Wed

    Low-level cloud

    21°C

  • Thu

    Sunny intervals

    23°C

  • Fri

    Sunny intervals

    23°C