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.

21st October, 2006

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 -...

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