Pension fund gets approval to buy Aer Lingus shares
The Takeover Panel has given the National Pension Reserve Fund (NPRF) the go-ahead to purchase Aer Lingus shares in the market.
This means the fund’s investment managers are free to do so if they judge that the shares represent good value. The fund had sought a ruling for the panel on the issue to clarify whether any holdings it bought would be aggregated with the government’s stake for the purpose of stock exchange rules.
Had this happened, any purchases by the NPRF could have brought the combined holding of the state -...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€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