Aer Lingus takeover: IAG to finalise deal as Ryanair agrees share sale
British Airways owner IAG will finalise its takeover of Aer Lingus in the coming days after Ryanair agreed to sell its shares in the company.
The confirmation is the final hurdle in IAG’s nearly year long struggle to takeover the former Irish flag carrier for an estimated €1.5bn.
Ryanair’s sign off clears the way for Aer Lingus shareholders to receive payment for their shares.
Aer Lingus shareholders are to receive €2.55 in cash for each share held, comprising a cash payment of €2.50 and a cash dividend payment of 5 cents.