Sunday, March 21, 2010 Previous editions
The Government has responded to Ryanair's Aer Lingus takeover bid by saying it will not be selling its shares in the airline.
Ryanair confirmed this morning that it has already acquired 16% of Aer Lingus shares and is offering €2.80 for the remainder.
In a brief statement to the media, Finance Minister Brian Cowen and Transport Minister Martin Cullen said the Government remained committed to competition in aviation markets and would not be selling the 28.3% stake that it has retained in Aer Lingus.
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