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AIB returns to the stock market

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The government has raised €3.4 billion by selling a stake in Allied Irish Bank.

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

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

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

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