Bank of Ireland Share Sale Extended, State Recoups 249 Million Euros

Bank of Ireland Share Sale Extended, State Recoups 249 Million Euros
General view of a branch of the Bank of Ireland in Dublin, Ireland on March 1, 2021. Clodagh Kilcoyne/Reuters
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DUBLIN—The Irish government on Friday extended the gradual sell down of its shares in Bank of Ireland to May 2022, having raised 249 million euros ($287.79 million) in the last three months by cutting its stake to 9.3 percent from 13.9 percent.

The government announced in late June that it intended to cut its shareholding in a trading plan that was due to end in January. The finance ministry said on Friday that it had sold the shares at an average price of 4.96 euros.