Government may put Aer Lingus stake into NPRF

The government may transfer its 25 per cent stake in Aer Lingus to the National Pension Reserve Fund (NPRF) after a high-level review of the exchequer’s annual contribution to the fund.

1st August, 2009

The government may transfer its 25 per cent stake in Aer Lingus to the National Pension Reserve Fund (NPRF) after a high-level review of the exchequer’s annual contribution to the fund.

A report prepared for finance minister Brian Lenihan by former Central Bank governor Maurice O’Connell - released to The Sunday Business Post under the Freedom of Information Act - said it was

‘‘difficult to justify’’ borrowing €1.5 billion to invest in...

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