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Ryanair renounces to Aer Lingus and rejects bid

Dublin, Ireland - After the NO by Irish Government

After years of attempts to purchase the rival Aer Lingus, O'Leary, Ryanair's CEO, renounces to acquire the share of 25% of the airline, possessed by State. He announces it with a concise press release, that arrives after the refusal by Irish Government to the acquire proposal by Ryanair, that valued EUR 1 and 40 every Aer Lingus stock, for an overall offer of EUR 748 m, pricing underestimated according...

fra/pec - 1099146

AVIONEWS - World Aeronautical Press Agency
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