Dáil Éireann Debate, Thursday - 11 March 2021
45. Deputy Catherine Murphy asked the Minister for Finance the amount a company (details supplied) has received in fees from his Department in each of the years 2014 to 2020 and to date in 2021; and if he will make a statement on the matter. [13622/21]
View answerI can inform the Deputy that my Department has no record of any fees paid to the company named in the years 2014 to date.
However, I should point out that arising out of the admission in 2018 of AIB’s shares to the Irish Stock Exchange, the London Stock Exchange and the international offering by the Minister for Finance of his shares in AIB, fees of €12m were payable by AIB to the joint global coordinators and bookrunners.
The company in question was a member of this syndicate. The fees involved were negotiated by Departmental officials and represented approximately 0.4% of the value of the transaction based on the base deal size (€3 billion). This was very competitive by reference to comparable transactions in Europe. While the fees payable were discharged by AIB, this was done at the direction of the Minister as selling shareholder.
