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Ryanair to sell 30% Aer Lingus stake to IAG

Saturday, July 11, 2015 - 05:50
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IRISH CARRIERS: Ryanair had fully written down the value of its Aer Lingus stake, built up during several failed takeover attempts of its own dating back to 2006.

London

BUDGET airline Ryanair said it would accept International Airlines Group's offer for its stake in Aer Lingus, paving the way for the British Airways-owner's 1.3 billion euro (S$2 billion) takeover of the Irish carrier to go ahead.

European Union approval for the deal is now