Markets News Afternoon: AIB says Irish Government likely to take stake of 17% prior to €7.4bn recapitalisation; IMF chief says Greece may need €120bn in aid over 3 years
Apr 28th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and oil; AIB's executive chairman Dan O'Connor told shareholders at the AGM (annual general meeting) today that the Irish Government is likely to take a stake of 16% or 17% in the bank next month. The shareholding will be in place of a dividend owed to the Government by the bank.