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Ryanair seals British Airways-owner IAG's Aer Lingus 1 billion takeover

2015-07-10 11:10:35| Airlines - Topix.net

Ryanair has agreed to sell its stake in Aer Lingus to IAG, sealing the British Airways parent's a 1.4 billion takeover of the Irish flag carrier. The budget airline's board said it had voted unanimously to sell its 29.8% stake in Aer Lingus becuase "the current IAG offer maximises Ryanair shareholder value".

Tags: british billion seals takeover

Ryanair sells Aer Lingus stake to IAG

2015-07-10 09:43:28| BBC News | Business | UK Edition

Ryanair board members vote to accept International Airlines Group's offer for its 29.8% stake in Aer Lingus.

Tags: sells stake aer ryanair

Ryanair to contest CMA order to cut its stake in Aer Lingus

2015-06-11 17:16:26| Airlines - Topix.net

Dublin-based budget airline Ryanair has vowed to fight a ruling by the UK's competition authority that it must slash its stake in Irish rival Aer Lingus -The Competition and Markets Authority today issued a "final order" to the no-frills carrier to slash its 29.8% stake in Aer Lingus to just 5%. The CMA claims the holding is anti-competitive and allows Ryanair to "hold sway" over the future of Aer Lingus, which is currently the subject of a 1.4billion euro takeover approach by British Airways parent group International Airlines Group .

Tags: order cut contest stake

UK rules Ryanair must dump shares in Irish rival Aer Lingus

2015-06-11 17:16:25| Airlines - Topix.net

A Tuesday, Jan. 27, 2015 photo from files showing Aer Lingus planes standing on the tarmac with a Ryanair plane at Dublin airport, Ireland. Britain's competition watchdog said Thursday, June 11, 2015, that Ryanair must sell its shares in Irish rival Aer Lingus, but Europe's dominant budget airline has dismissed the ruling and vows to appeal.

Tags: rules shares irish dump