Ryanair’s says it has been told its bid to take over smaller Irish rival Aer Lingus is to be blocked by Europe’s anti-monopoly watchdog.
This was Ryanair Chief Executive Michael O’Leary’s third – and he said final – attempt to buy Ireland’s former flag carrier.
The low-cost airline denounced it as “not based on competition law” but a “political” decision “to meet the narrow, vested interests of the Irish government” – which owns a quarter of Aer Lingus’ shares.
The European Commission said no final decision has yet been taken.
Following a meeting with Commission representatives, Ryanair spokesman Robin Kiely said: “It appears clear from this morning’s meeting that no matter what remedies Ryanair offered we were not going to get a fair hearing and were going to be prohibited regardless of competition rules.”
Aer Lingus said it had not been informed of any decision, but said it had always expected a rejection.
“It was and remains Aer Lingus’s position that the offer should never have been made,” it said in a statement.
Copyright © 2014 euronewsMore about:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 3International tv news | euronews: European and International tv news bulletin
- 4Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 5European Union News | euronews: latest breaking news and headlines about European Union
- 6Sweden becomes first European nation to recognise Palestine | euronews, world news
- 7All you need to know about the Ebola virus | euronews, world news
- 8How nasheeds became the soundtrack of jihad | euronews, world news
- 9What to expect in “The World of Ice and Fire,” George R.R. Martin’s new book | euronews, world news
- 10Where is the best place in Europe for women? | euronews, world news
- 11Philippe Starck: ‘Words like longevity and legacy have become almost avant-garde’ | euronews, the global conversation
- 12Ebola: Six new suspected cases in Spain | euronews, world news
- 13Learning through “serious games” | euronews, learning world
- 14US says ISIL makes $1 million-a-day selling oil – even to enemies | euronews, world news
- 15Mike Tyson: ‘You learn humbleness when you get older in life’ | euronews, the global conversation
- 16International news | euronews, latest international news
- 17International breaking news | euronews online world breaking news in video
- 18US delivers technical aid to Ukraine but warns over security | euronews, world news
- 19euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 20Maritime drama deepens as Sweden extends ‘mystery submarine’ search | euronews, world news
Wires > Business
- 18:52 CET Ireland’s AIB bucks trend to cut mortgage rates
- 18:07 CET Germany denies report on post-bailout aid for Greece
- 18:05 CET St James’s Place outperforms as FTSE stages late rally
- 18:00 CET Trade, defence buoy U.S. economy, but some weakness creeps in
- 17:12 CET Weak inflation figures hit euro zone, but not expected to jolt ECB
- 16:46 CET Trade, defence spending buoy U.S. third-quarter growth
- 16:35 CET ECB to start ABS purchases in November with help from asset…
- 16:31 CET Analysis – Oil price declines have small-cap shale investors…