Irish NPRF will receive shares as AIB dividend payment

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IRELAND - The National Pensions Reserve Fund (NPRF) will receive €280m (US$351.8m) worth of Allied Irish Bank (AIB) ordinary shares in lieu of a cash payment of this year's coupon.

The move - which was announced today in the bank's interim management statement - follows a request to do so by the European Commission, which is engaged in ongoing discussions with AIB on a restru...

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