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Ryanair asks CMA to reconsider
03 Mar 2015 18:06
Ryanair has asked the UK's Competition and Markets Authority (CMA) to reconsider a 2013 decision ordering it to sell down its 29% stake in Aer Lingus.
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One of the reasons for the order to sell most of its stake was the fact that Ryanair's shareholding might be an obstacle to Aer Lingus merging or being acquired by another airline.
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But Ryanair said the fact that British Airways owner IAG has secured the support of Aer Lingus's board for a €1.36 billion bid for Aer Lingus disproves this point.
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"The findings have now been contradicted and disproven by events, which demonstrate conclusively that Ryanair's shareholding in Aer Lingus does not prevent Aer Lingus from merging with, being acquired by other airlines," Ryanair said.
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The airline's submission has been posted on the CMA web site.
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Ryanair asked the authority to consider if has been a "material change of circumstances" since its August 2013 decision.
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Events "fatally undermine the lawfulness of the proposed divestment remedy," the airline added.
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