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Ryanair acquires remaining quarter of Austria's Laudamotion

Ryanair acquires remaining quarter of Austria's Laudamotion
FILE PHOTO: A Ryanair Boeing 737-800 plane takes off from Palma de Mallorca airport in Palma de Mallorca, Spain, July 28, 2018. REUTERS/Paul Hanna   -   Copyright  Paul Hanna(Reuters)
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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)

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