Block on Ryanair takeover bid upheld

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Series Details 7.7.10
Publication Date 07/07/2010
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Ryanair and Aer Lingus have lost their separate legal bids to overturn decisions by the European Commission to block a merger of the Ireland-based airlines.

The European General Court, one of Europe’s top courts, upheld on the 6 July 2010 the European Commission’s decisions in both the cases which the two carriers had brought separately over the first of two takeover bids Ryanair has made for Aer Lingus since 2006. But it allowed Ryanair to maintain a minority stake in its rival.
Related Links
ECJ: Press Release, No.72, 2010: The prohibition of Ryanair’s takeover of Aer Lingus is valid http://curia.europa.eu/jcms/upload/docs/application/pdf/2010-07/cp100072en.pdf
Irish Times, 7.7.10: EU court upholds decision to block bid for Aer Lingus http://www.irishtimes.com/newspaper/finance/2010/0707/1224274190289.html
European Commission: MEMO/10/300: Mergers: Commission welcomes General Court rulings in Ryanair case http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/300&format=HTML&aged=0&language=EN&guiLanguage=en
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