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Ireland: Ryanair taking any offer for Are Lingus

By  |  March 3, 2015

On Tuesday Ryanair said it will consider any decent offer for its stake in Aer Lingus, which is currently being pursued for a takeover by British Airways owner IAG.

The Airlines Group is drumming up support for its $1.51-billion bid for Aer Lingus but needs the support of Ryanair, which holds almost 30 percent of the former Irish national carrier.

Ryanair chief executive Michael O’Leary said Tuesday that the group had not been approached directly by IAG about selling its stake, but indicated it was open to an offer.

“We’ve always said the stake is for sale. What would comprise an offer that’s acceptable to the board of Ryanair, I can’t comment on,” O’Leary told reporters at a press conference in London.

“Our position is: our stake is available for sale, if someone comes up with the right offer that the board considers to be acceptable.”

 

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