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Ryanair accuses Competition Commission of violating EU jurisdiction

 |  July 29, 2012

Ryanair asked the Competition Appeal Tribunal to block the Competition Commission’s probe into its 30 percent stake in Aer Lingus, as it overlaps a new European Union review. The EU is reviewing Ryanair’s proposed bid for the remaining share of Aer Lingus for €694 million. According to Ryanair’s lawyer, Mr Pannick, “each of the two regulators are going to be looking at essentially the same factors” and the European Commission has exclusive jurisdiction. 

In 2006 Ryanair made a takeover bid that the EU ultimately blocked on competition grounds. It considers to have good prospects of persuading the European Commission to let its current bid proceed, in light of changes in circumstances since the last offer.

Full content: Irish Times


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