EU watchdog expresses concern over IAG €1.4bn Aer Lingus bid
Published 24/06/2015 | 07:22
EU officials have raised competition concerns regarding the proposed €1.4bn takeover of Aer Lingus by IAG in a move that could delay the deal, according to media reports.
At a recent meeting in Brussels attended by both companies the EU Commission’s law directorate questioned whether the takeover would impede competition in the market for valuable takeoff and landing slots at Heathrow airport, according to the Irish Times.
The organisation was also said to have raised concerns relating to the Dublin-Chicago route at the meeting.
The fact that the commission sought the deal in the first place means that it has issues with the deal, meaning that IAG will have to outline in the coming days how it intends to tackle the concerns raised.
Officials could further the current phase one stage of the investigation, which would further delay IAG's bid for Aer Lingus first made more than six months ago.