Aindrias Moynihan
Question:204. Deputy Aindrias Moynihan asked the Minister for Finance the number of the State's shares in a bank (details supplied) which were sold to North American Investors in July 2011. [34504/17]
View answerThursday, 13 July 2017
Questions (204)
Written answers
I can confirm for the Deputy that, in July 2011, a group of North American investors agreed to buy up to 10,511m ordinary shares in Bank of Ireland from the State. The purchase was completed in two tranches:
July 2011 - an initial unconditional purchase of 2,382m shares.
October 2011 - following receipt of regulatory clearances by the investors, a second purchase of 8,129m shares.
The Deputy should note that these figures are not adjusted for the recent share consolidation which was effected at a ratio of 30:1.