Aer Lingus to take legal action to force Ryanair sale

Author (Person)
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Series Details 11.10.07
Publication Date 11/10/2007
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Aer Lingus confirmed 10 October 2007 it is to take legal proceedings to force Ryanair to dispose of its shareholding in Aer Lingus.

This follows confirmation by Philip Lowe, the EU's Director General for Competition, that the European Commission is to adopt a decision that the Merger Regulation does not give it the legal authority to force the sale of Ryanair’s stake following its prohibition of Ryanair’s bid for Aer Lingus.

Related Links
Aer Lingus: Press Release, 10.10.07: Aer Lingus moves to force sale of Ryanair stake http://www.aerlingus.com/Corporate/reduceryanairstake.pdf

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