Press Release: Mergers: Commission prohibits Ryanair’s proposed takeover of Aer Lingus

Author (Corporate)
Series Title
Series Details IP/13/167 (27.02.13)
Publication Date 27/02/2013
Content Type

The European Commission blocked in February 2013 a third attempt by Ryanair to take over rival Irish airline Aer Lingus.

In its ruling issued on the 27 February 2013, the Commission said the merger would have harmed consumers, reduced choice and led to increased prices for passengers travelling in and out of Ireland.

Aer Lingus welcomed the decision and said 'Ryanair's offer should never have been made'. Ryanair said it would appeal against the judgment.

Source Link http://europa.eu/rapid/press-release_IP-13-167_en.htm
Related Links
European Commission: PRESS RELEASE/07/893: Mergers: Commission prohibits Ryanair’s proposed takeover of Aer Lingus http://europa.eu/rapid/press-release_IP-07-893_en.htm
European Commission: MEMO/10/300: Mergers: Commission welcomes General Court rulings in Ryanair case http://europa.eu/rapid/press-release_MEMO-10-300_en.htm
European Commission: Press Release: IP/12/921: Mergers: Commission opens in-depth investigation into proposed acquisition of Aer Lingus by Ryanair http://europa.eu/rapid/press-release_IP-12-921_en.htm
European Commission: MEMO/13/144: Mergers: Commission prohibits Ryanair's proposed takeover of Aer Lingus – frequently asked questions http://europa.eu/rapid/press-release_MEMO-13-144_en.htm
European Commission: SPEECH/13/164: Introductory remarks on Merger Ryanair / Aer Lingus http://europa.eu/rapid/press-release_SPEECH-13-164_en.htm
ESO: Background information: Ryanair makes third bid for Aer Lingus http://www.europeansources.info/record/ryanair-makes-third-bid-for-aer-lingus/
Irish Times, 27.02.13: EU blocks Aer Lingus takeover bid http://www.irishtimes.com/newspaper/breaking/2013/0227/breaking24.html
EurActiv, 27.02.13: Commission grounds Ryanair-Aer Lingus merger http://www.euractiv.com/transport/commission-prohibits-ryanair-air-news-518106
EUObserver, 27.02.13: Ryanair slams EU's 'political' decision on Aer Lingus bid http://euobserver.com/economic/119221
BBC News, 27.02.13: Ryanair's bid to take over Aer Lingus blocked http://www.bbc.co.uk/news/business-21608407

Subject Categories ,
Countries / Regions ,