€3.4 Billion Raised Through Sale Of AIB Shares

The government has raised 3.4 billion euro by selling a stake in AIB.

Almost 29 per cent of the bailed out bank was put up for sale this morning.

The money raised will be used to pay down the national debt.

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Finance Minister Paschal Donohoe says its an important step in recouping some of the money pumped into the bank by the taxpayer.