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Denmark fund manager ATP may sell shares in Ryanair

By John Mulligan

Published 04/06/2015

Ryanair chief Michael O'Leary
Ryanair chief Michael O'Leary

Ryanair says there will be "plenty of buyers" willing to snap up shares that Denmark's biggest pension fund manager, ATP, said it might consider offloading because of concerns over the airline's labour practices.

A spokesman for the fund told Danish newspaper Berlingske that it holds a stake in the Irish airline via a managed fund.

He said ATP was now considering what to do with that investment, citing concerns about the ability of staff at the airline to organise under a union.

Ryanair does not negotiate with unions. The ATP spokesman said that if there were repeated and deliberate violations of international conventions to which Denmark is a signatory, then the pension fund manager would leave its holding in Ryanair.

Belfast Telegraph

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