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US/EU: IAG secures DOJ nod and key votes for Aer Lingus acquisition

By  |  July 19, 2015

At the meeting, Aer Lingus chairman Colm Barrington had said IAG could be in control of the airline “within two weeks” if the takeover goes ahead.

The commission had expressed concerns that the takeover would lead to insufficient competition.

Last week Ryanair agreed to sell its almost 29.8 per cent stake in Aer Lingus.

IAG, the owner of British Airways, is paying 2.55 euro a share for Aer Lingus.

It said that as it stood, the deal would have stopped “Aer Lingus from continuing to provide traffic to the long-haul flights of competing airlines on several routes”. The Government, a 25.1% shareholder in the Irish airline, lodged the necessary documentation for the sale this evening.

Full content: Independent.ie

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