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10/07/2015
Ryanair To Sell Aer Lingus Stake To IAG
Ryanair has confirmed its board has voted "unanimously" to accept the IAG offer for its 29.8% shareholding in Aer Lingus Group.
The airlines stake has been available for sale since May 2012.
The board has said it believes the current IAG offer "maximises Ryanair shareholder value."
Ryanair has said it will now vote in favour of the motion at the Aer Lingus EGM on 16 July.
Commenting on the announcement, Ryanair CEO Michael O'Leary said: "We believe the IAG offer for Aer Lingus is a reasonable one in the current market and we plan to accept it, in the best interests of Ryanair shareholders.
"The price means that Ryanair will make a small profit on its investment in Aer Lingus over the past 9 years... We wish IAG well with their takeover of Aer Lingus."
(JP)
The airlines stake has been available for sale since May 2012.
The board has said it believes the current IAG offer "maximises Ryanair shareholder value."
Ryanair has said it will now vote in favour of the motion at the Aer Lingus EGM on 16 July.
Commenting on the announcement, Ryanair CEO Michael O'Leary said: "We believe the IAG offer for Aer Lingus is a reasonable one in the current market and we plan to accept it, in the best interests of Ryanair shareholders.
"The price means that Ryanair will make a small profit on its investment in Aer Lingus over the past 9 years... We wish IAG well with their takeover of Aer Lingus."
(JP)
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The runways are cleared and emergency vehicles are on standby, as Ireland's aviation heads go 'mano-a-mano' on live television. Michael O'Leary (pictured) and Dermot Mannion will take part in a live debate over Ryanair's proposed takeover of Aer Lingus.
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Aer Lingus Knuckles Down Over Ryanair Offer
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Government Looks Seriously At Aer Lingus Offer
The Irish Finance Minister Brian Lenihan (pictured) is said to be having a "serious look" at a fresh multi-million euro offer for Aer Lingus from its rival Ryanair - even though the airline itself has publicly ruled the bid out. Ryanair boss, Michael O'Leary has been actively trying to take over Aer Lingus for sometime, offering €1.
Government Looks Seriously At Aer Lingus Offer
The Irish Finance Minister Brian Lenihan (pictured) is said to be having a "serious look" at a fresh multi-million euro offer for Aer Lingus from its rival Ryanair - even though the airline itself has publicly ruled the bid out. Ryanair boss, Michael O'Leary has been actively trying to take over Aer Lingus for sometime, offering €1.
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