National Pension Reserve Fund underwrites AIB capital raising

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IRELAND - The National Pensions Reserve Fund Commission (NPRFC) has underwritten a €5.4bn ($7.4bn) equity capital raising by Allied Irish Banks.

Through the scheme the Irish government will effectively buy up all the shares and, as it has already bailed out AIB, could end up owning 90% of the bank. The NPRFC may buy up to €3.7bn of the n...

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