Aer Lingus share price set at €2.20
27/09/2006 - 07:57:44The price of Aer Lingus shares has been officially set at €2.20 this morning, valuing the national airline at €1.13bn.
The price was announced by Minister for Transport Martin Cullen and the Aer Lingus Group in a statement to the Irish Stock Exchange.
The Government, which will get €200m from the sale, has decided to initially retain a 28% stake, but is likely to sell another 3% to Aer Lingus staff during the next few years.
The share will be listed on the stock exchanges in Dublin and London next Monday, with a minimum investment of €10,000.
