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The government has announced that it is to redeem the golden share it holds in airport operator BAA. Earlier this year, the European Court of Justice ruled that holding the share was incompatible with Article 56 of the EC Treaty which prohibits all restrictions on the free movement of capital. The government has had the special share since the 1987 privatisation, which means that government approval is needed before BAA can sell off or close any of its airports.

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