AIB Shareholders Approve €1.2 Billion Irish State Buyback (1)

AIB Group Plc shareholders voted to buy back €1.2 billion ($1.4 billion) worth of shares from the Irish state, putting the lender on the verge of full private ownership.

Shareholders voted 97% in favor on the terms of the buyback deal at the bank’s annual general meeting Thursday, despite a drop in share price since US President Donald Trump’s tariff salvos in April caused bank stocks to tank globally.

AIB agreed with the Finance Ministry on Mar. 31 to buy back at either €6.26 per share or a price equal to the five-day average traded before Thursday. That figure ...