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:
Wires > Business
- 14:18 CET Co-op CEO Sutherland offers to quit ‘ungovernable’ mutual
- 14:17 CET Co-op CEO Sutherland offers to quit ‘ungovernable’ mutual
- 13:42 CET Anti-corruption chief appointed to head Cyprus central bank
- 13:34 CET Portugal economy rebounds in fourth quarter on consumers, exports
- 13:30 CET RBS might have to leave an independent Scotland – BoE’s Carney
- 12:39 CET BoE’s Carney says UK economy not close to overheating
- 12:18 CET Portugal economy rebounds in fourth quarter on consumers, exports
- 12:15 CET Volkswagen brand passenger car sales rise 1.5 percent in Feb