Ryanair prøver seg på Aer Lingus

Ryanair has made another bid for Aer Lingus

The latest offer by the low cost carrier is for €1.30 per share, valuing Aer Lingus at €694 million. This will be the third attempt by Ryanair to take control. In 2006 a bid was blocked on competition grounds while in 2008 an offer was rejected by Aer Lingus’ shareholders.

Michael O’Leary, CEO of Ryanair, said that the offer “represents a significant opportunity to combine Aer Lingus with Ryanair, to form one strong Irish airline group capable of competing with Europe’s other major airline groups led by Air France, British Airways and Lufthansa”.

Earlier today Aer Lingus issued a statement to the Dublin and London Stock Exchanges. “The Board of Aer Lingus Group plc ("Aer Lingus") notes the announcement by Ryanair Holdings plc of its intention to make a third unsolicited offer for 100 per cent of the entire issued and to be issued share capital of Aer Lingus. Aer Lingus will make a statement in due course. In the meantime, Aer Lingus shareholders are urged to take no action”.