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Dáil

Written answer

Departmental Expenditure

203. Deputy Cian O'Callaghan asked the Minister for Finance the amount paid to companies (details supplied) for advice on stocks and the cancelation of warrants; and if he will make a statement on the matter. [60748/25]

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Paschal Donohoe Minister for Finance Fine Gael

I can inform the Deputy of the following amounts paid to N.M. Rothschild & Sons Limited and William Fry LLP contracts relating to the shareholding divestment of AIB, PTSB and Bank of Ireland across a range of transactions over a number of years. The amounts below exclude fees in relation to the recent AIB IPO Warrants transaction as the Department has not yet received invoices relating to this work.

N.M. Rothschild & Sons Limited: €3,958,644* (since 2016) relating to the AIB IPO, AIB and BOI trading plans, various AIB and PTSB Accelerated Bookbuild transactions and various AIB Directed Buyback transactions.

William Fry LLP: €573,625** (since 2021) relating to AIB and PTSB advice.

* N.M. Rothschild & Sons Limited – note that the Department did not incur any actual cost as the relevant invoices were paid by the NTMA and subsequently recouped from the relevant banks.

** William Fry LLP - note that €470,006 of this amount is recoupable from the relevant banks.

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