Saturday 23 September 2017

Ryanair seeking EU regulatory approval for third Aer Lingus bid

RYANAIR is seeking EU regulatory approval for its third takeover bid for former Irish flag carrier Aer Lingus, the European Commission said today.

The Commission, which acts as EU competition watchdog, said on its website that it would decide by August 29 whether to clear the deal. Ryanair notified the Commission of its bid on Tuesday.

The Commission vetoed Ryanair's 2007 attempted takeover of Aer Lingus, in which the Irish government holds a 25pc stake.

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