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UK: British regulator key in IAG in Aer Lingus bid

By  |  February 26, 2015

Britain’s competition regulator could end up playing a key role in International Consolidated Airlines €1.36 billion bid to take over Aer Lingus.

Ryanair is challenging the UK Competition and Markets Authority’s rulling that it cut its holding in Aer Lingus to 5 per cent from 29.8 per cent. It has also emerged Aer Lingus will have no say in any sale of its rival’s holding, as the CMA has decided this would not be appropriate.

Any formal offer by IAG for Aer Lingus will have to be referred to the CMA before any sale gets the go ahead.

 

Full Content: The Irish Times

 

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