On Wednesday, AIB's stock price fell just short of a critical government-set target of â¬6.26 per share after a recent recovery. AIB proceeded with a â¬1.2 billion buyback of the State's remaining shares, signifying the government's ongoing investment strategy in the banking sector. Finance Minister Pascal Donohoe expressed approval for the bank's actions, emphasizing AIB's recovery in stock price despite initial setbacks that raised concerns regarding the buyback terms agreed upon earlier in March.
Despite falling short of the â¬6.26 target, AIB's buyback of â¬1.2 billion of State shares marks a significant step in recovering government investments in banking.
AIB's ability to initiate a buyback for â¬1.2 billion highlights the recovery of its stock, despite initial fears of not meeting the government-set price.
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