EU right to block Ryanair's Air Lingus takeover: court

Tue, 07/06/2010 - 08:07 EDT - France24.com - Business

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The European Union's general court barred no-frills airline Ryanair from taking over Aer Lingus on Tuesday but said Ryanair could keep a minority stake in its Irish rival.Ryanair had launched a takeover bid of Aer Lingus in 2006, but it was blocked by the European Union's competition watchdog, the European Commission, which deemed that it was incompatible with the common market.In turn, Aer Lingus asked the commission to order Ryanair to divest all of its shares in Aer Lingus, which had risen to nearly 30 percent. The commission rejected the Aer Lingus request in 2007.

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EU right to block Ryanair takeover of Air Lingus: court
The European Union's general court barred no-frills airline Ryanair from taking over Aer Lingus on Tuesday but said Ryanair could keep a minority stake in its Irish rival.
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EU right to block Ryanair's Air Lingus takeover: court

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