Ryanair acquires remaining quarter of Austria's Laudamotion

VIENNA (Reuters) - Irish budget airline Ryanair has acquired the remaining quarter of its unit Laudamotion, the Vienna-based airline said on Tuesday.

Ryanair previously owned a 75 percent stake in Laudamotion.

Formula One racing champion Niki Lauda, who last year bought back and re-branded the airline he founded, gave Ryanair the option to buy the whole carrier.

"Laudamotion is now a 100 percent-owned subsidiary of Ryanair Holdings plc," Laudamotion said in a statement, adding that Ryanair had concluded the purchase of the remaining quarter at the end of December.

(Reporting by Francois Murphy; editing by Jason Neely)