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Ireland: Lawyers claim Aer Lingus bid may depend on UK regulator

By  |  March 19, 2015

Aer Lingus has argued that the success of IAG’s takeover bid may now depend on the UK’s Competition and Markets Authority moving quickly to force Ryanair to sell most of its 29.8pc stake in the airline.

In a searing submission to the CMA, Aer Lingus has accused Ryanair of engaging in “wilful misinterpretation and misrepresentation” of the facts in a gambit to prolong a legal battle to prevent the larger airline from being forced to reduce its Aer Lingus stake.

 

Full Content: Independent

 

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