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10/07/2015
Ryanair To Sell Aer Lingus Stake To IAG
Ryanair has confirmed its board has voted "unanimously" to accept the IAG offer for its 29.8% shareholding in Aer Lingus Group.
The airlines stake has been available for sale since May 2012.
The board has said it believes the current IAG offer "maximises Ryanair shareholder value."
Ryanair has said it will now vote in favour of the motion at the Aer Lingus EGM on 16 July.
Commenting on the announcement, Ryanair CEO Michael O'Leary said: "We believe the IAG offer for Aer Lingus is a reasonable one in the current market and we plan to accept it, in the best interests of Ryanair shareholders.
"The price means that Ryanair will make a small profit on its investment in Aer Lingus over the past 9 years... We wish IAG well with their takeover of Aer Lingus."
(JP)
The airlines stake has been available for sale since May 2012.
The board has said it believes the current IAG offer "maximises Ryanair shareholder value."
Ryanair has said it will now vote in favour of the motion at the Aer Lingus EGM on 16 July.
Commenting on the announcement, Ryanair CEO Michael O'Leary said: "We believe the IAG offer for Aer Lingus is a reasonable one in the current market and we plan to accept it, in the best interests of Ryanair shareholders.
"The price means that Ryanair will make a small profit on its investment in Aer Lingus over the past 9 years... We wish IAG well with their takeover of Aer Lingus."
(JP)
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Ireland WeatherToday:A rather cloudy start with patchy mainly light rain, but becoming brighter through the day as the rain turns more showery, the best of any sunnier spells in the south. Maximum temperature 16 °C.Tonight:A few bright spells at first and any showers gradually dying out. Low cloud and mist or drizzle over northern coastal parts will spread south to most areas overnight. Minimum temperature 7 °C.
