'No approach' yet to buy government’s Aer Lingus stake

Ireland's Department of Finance dismissed rumours it has been approached by a consortium of investors interested in acquiring the government's 25% stake in Aer Lingus (Irish Independent, 04-May-2011). London-based financial services firm Cenkos was reported to have been in contact with the Irish government after being approached by a group believing Aer Lingus was undervalued and represented a good buying opportunity. Ryanair, Aer Lingus' largest single shareholder, has also stated it would be interested in acquiring the government's stake.