Path Cleared to IAG’s Aer Lingus Takeover | Aviation International News

Path Cleared to IAG’s Aer Lingus Takeover

Ryanair formally agrees to sell its 29.1 percent stake

British Airways parent AIG has cleared the last hurdle to its takeover of Aer Lingus. (Photo: Flickr: Creative Commons (BY-SA) by Aero Icarus)

By Gregory Polek • Senior Editor

August 19, 2015

Ryanair’s acceptance on Tuesday of International Airlines Group’s offer for its shares in Aer Lingus means that IAG’s €1.4 billion acquisition of the Irish flag carrier “is now wholly unconditional.” With Ryanair’s agreement to sell its 29.1 percent share, the holders of more than 95 percent of Aer Lingus have voted to in favor of IAG’s acquisition.

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