Ryanair Offers To Sell Aer Lingus Stake

Ryanair has offered to sell its 29 per cent shareholding in Aer Lingus in order to “dispel” the UK Competition Commission’s (CC) “unfounded and invented ‘concern’ that Ryanair’s shareholding may prevent Aer Lingus from being acquired by another EU airline”. Ryanair said the offer applied to “any other EU airline that makes an offer for Aer Lingus and obtains acceptances from 50.1 per cent of Aer Lingus shareholders”. Ryanair maintained that the CC’s conclusions that it has influence over Aer Lingus’ commercial strategy and its shareholding has resulted in a lessening of competition are “manifestly false”.

TAGS: Europe
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