Sri Lanka offers Emirates $55m for airline stake

COLOMBO Fri May 14, 2010 10:33am EDT

COLOMBO May 14 (Reuters) - Sri Lanka's government has offered $55 million to buy back the 43.6 percent stake Dubai's Emirates airline [EMIRA.UL] holds in national carrier SriLankan Airlines, the island nation's treasury secretary said on Friday.

"Sri Lanka is going to buy it ... $55 million is the price we have indicated," P.B. Jayasundera, secretary of the finance ministry and the treasury, told Reuters in an interview. (Reporting by Shihar Aneez; Editing by Bryson Hull)

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