Last week’s surprise offer from Ryanair for all the shares in Aer Lingus generated many column inches in newspapers and much national discourse. The €694m valuation of Aer Lingus derived from the €1.30 a share offer, would have valued the State’s 25% stake at about €175m. And because the State’s stake in Aer Lingus is slated for disposal anyway, there has been much talk about the price. Last week, Minister for Public Expenditure and Reform, Brendan Howlin, when asked about the value of the State’s stake, referred reporters at a press conference to a reply given by his colleague Minister Noonan the previous week, when he said you don’t show your negotiating hand in advance, and have you never sold a calf at the Fair of Glen. Alongside our stake in Aer Lingus, you can also expect much discussion over the coming months with the disposal of stakes in Bord Gais Energy and parts of the ESB. All told, the plan is to raise €2-3bn in the disposal of stakes in State companies.
full article at source: http://namawinelake.wordpress.com/2012/07/22/the-great-irish-state-assets-sell-offs-2012-the-ones-that-you-havent-heard-anything-about/
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About machholz
I started this Blog to get out of my system the absolute rage that I have for the corrupt politicians and their Banker Buddies. I’m an ordinary guy, married with kids, and have firm opinions of what is right and what is wrong. I’m not afraid to say it even when it makes me unpopular.
I reproduce news all manner of articles, but will always confirm the source of the articles; this is a compliment to the source of such news pieces. But if you do not agree with this and you are the original author, I will take down any article when requested to do so. I do not assume that the author of the news articles share with my views, I include news articles to give readers another slant to my views or to illustrate what the mainstream news media say on the relevant topic.
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In addition, my thoughts and opinions change from time to time...I consider this a necessary consequence of having an open mind. This weblog is intended to provide a semi-permanent point in time snapshot and manifestation of the various memes running around my brain, and as such any thoughts and opinions expressed within out-of-date posts may not the same, nor even similar, to those I may hold today.
For the record I am currently an Independent political activist and am not affiliated to any political party
