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Allied Irish Banks IPO most likely in Sept-Oct 2016 - minister

Reuters - UK Focus

DUBLIN, Dec 17 (Reuters) - Irish Finance Minister Michael Noonan on Thursday said the most likely date for an initial public offering (IPO) of 25 percent of Allied Irish Banks (Irish: 30544177.IR - news) would be autumn next year.

Speaking to reporters in Dublin, Noonan said the government would "press the button" on the IPO process immediately if re-elected in an election due by April (LSE: 0N69.L - news) 2016.

Noonan said there would be would be two windows for the IPO, either May-June or Sept-Oct (HKSE: 3366-OL.HK - news) , and the government was "tending towards the autumn window". (Reporting by Conor Humphries; editing by David Clarke)