EU and US could reach trade deal this weekend - Reuters
Following the completion of this proposed offering, the government has committed to a lock-up period where it will not sell any further shares in AIB for 90 calendar days without prior written consent. This excludes sales related to the trading plan, which are subject to a shorter lock-up period of 30 calendar days.
Citi's continued support for AIB stock is evident in their statement, which reinforces their confidence in the bank's performance and prospects. The analyst's commentary reflects a steady outlook for AIB, despite the Irish government's systematic reduction of its stake over the past several years.
The sale would reduce the Irish government's holding in AIB to approximately 12.5% from the current 17.5%. This move marks the sixth time the government has reduced its stake in AIB since the bank's initial public offering in 2017, with previous sell-downs of similar proportions occurring in June 2022, November 2022, June 2023, November 2023, and June 2024. With a market capitalization of $14.04 billion and a P/E ratio of 6.38, AIB presents an interesting value proposition. Discover more insights and 10+ additional financial tips with InvestingPro.
Following the completion of this proposed offering, the government has committed to a lock-up period where it will not sell any further shares in AIB for 90 calendar days without prior written consent. This excludes sales related to the trading plan, which are subject to a shorter lock-up period of 30 calendar days.
Citi's continued support for AIB stock is evident in their statement, which reinforces their confidence in the bank's performance and prospects. The analyst's commentary reflects a steady outlook for AIB, despite the Irish government's systematic reduction of its stake over the past several years.
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