AIB says alternative to capital injection of €3.5bn could result in State takeover of bank
Feb 12th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
AIB (Allied Irish Banks) said in accepting the Irish Government's offer of a total core tier one capital injection of €3.5bn, it carefully considered current market conditions and the best interests of all its stakeholders. The bank said any attempt at present to raise Government underwritten equity in the market could result in "a material level of state ownership" - - effectively State control.