Aer Lingus will be valued at the lower range of Europe’s airlines, independent analysts have warned. The effect would be to lower the amount the government and the company will raise from its forthcoming initial public offering (IPO).
Michael Powell, analyst at Dresdner Kleinwort Wasserstein, said that Aer Lingus will be valued at the ‘‘bottom of the range’’ at eight or nine times earnings. Powell said that investors will suspect that the Irish...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team