The expected price of AIB shares has been announced by the Finance Minister.

Michael Noonan says they should float at between €3.90 and €4.90 per ordinary share.

That values the bank at between €10.6 billion and €13.3 billion.

The government is selling off 25% of its stake in AIB.

The flotation is due to take place on the Dublin and London stock exchanges in two weeks' time.