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IAG may go hostile - analyst

The likelihood of IAG freezing the Government out in its effort to buy Aer Lingus is increasing, according to a leading financial analyst.

David Holohan, the head of research at stockbroking firm Merrion Capital, told the Herald that the Government may have overplayed its hand, prompting IAG to pursue a more aggressive acquisition strategy.

"The Government have played their cards. The likelihood of this going hostile is increasing," he said.