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Government confirms plans to float Aer Lingus

31 August 2006

The Government announced its intention to float Aer Lingus on the Dublin and London stock exchanges. Ministers pushed ahead with the plans despite continued opposition to the move by the country??s largest trade union, SIPTU, which represents almost 2,000 staff at the state airline. The shares, primarily targeted at institutional investors, will be available for a minimum investment of ?10,000, and are expected to go on sale in late September.

source: Ireland on-line

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