The Irish government said on Sunday it had received a report by an expert group advising it on the possible sale of its 25 percent stake in Aer Lingus to British Airways owner IAG paving the way for a long-delayed decision.
International Consolidated Airlines Group’s (IAG) proposed 1.36 billion euro ($1.5 billion) bid was recommended by Aer Lingus’ board in January but is conditional on the support of the airline’s two main shareholders – rival Ryanair (RYA.I) and the Irish state.
The government decision has been delayed for months by the preparation of the report, which could help the government win over some sceptical members of parliament and the airline’s trade unions.
The Sunday Business Post, without citing sources, reported that the government would announce after its weekly cabinet meeting on Tuesday that it is backing the sale.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
EU Watchdog Mandates Boardroom Accountability for AI in Banks
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI