The Irish government gave the green light to the acquisition of Aer Lingus by International Airlines Group by transferring the 25.1% it holds in the airline.
Dublín.- The Irish government on Tuesday gave the green to buy Aer Lingus light by International Airlines Group (IAG) by transferring the 25.1% it holds in the airline, announced the Minister of Transport, Paschal Donohoe.
“The government has decided to support the proposal of IAG,” Donohoe said in a statement.
The minister said that IAG, the parent company of British Airways and Iberia, provided, after negotiations that lasted for months, “additional information” and “commitments” regarding its proposed purchase.
To buy Aer Lingus, the IAG Spanish-British group proposes 2.55 euros per share, ie 1,350 million euros in total.
IAG must now convince the shareholder in Aer Lingus, the Irish also and rival Ryanair (29.8 % of capital).
“Our position has not changed,” said Robin Kiely, a spokesman for Ryanair.
“The board of Ryanair consider any offer on its merits if tendered “he added
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The parliament has yet to rule on the operation. IAG has agreed to retain a headquarters in Dublin Aer Lingus and schedules niches available in the main London airport, Heathrow.
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