UPDATE 1-Ireland's AIB sees "very significant" investor IPO appetite [Reuters (UK)]
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Source: Reuters
* Irish government selling 25 percent of state-owned bank * Sale could raise 3 bln euros, price under 5 euro per share * AIB CEO not worried about potential impact of UK election(Adds CEO quotes, details, link to Reuters Breakingviewscolumn) By Padraic Halpin DUBLIN, May 31 Allied Irish Banks isattracting very significant investor interest as Ireland beginsreturning the bank it rescued almost a decade ago to privateownership, its chief executive said on Wednesday. One of Ireland's two dominant banks, AIB has been profitablefor each of the last three years and is the largest provider ofmortgages in the fast-recovering Irish economy. Against this backdrop the Irish government launched itslong-awaited initial public offering of AIB on Tuesday, offeringa 25 percent stake in what is set to be one of Europe's largestbank listings since the 2008 financial crisis. Dublin, which rescued the bank in a 21 billion-euro taxpayerbailout that began almost a decade ago,
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