Ireland to sell its 25% stake in Aer Lingus to IAG
May 27 , 2015
Irish government will sell its 25% stake in Aer Lingus airlines to British Airways’ owner IAG.
The board of the airline has also recommended a €1.36 billion takeover offer by IAG.
Though the government is supporting the offer, Ryanair, another key shareholder in Aer Lingus, has not yet taken a decision on the issue. A Ryanair spokesperson said that its board will consider any takeover offer “on its merits.”
In 2014, Aer Lingus had rejected two IAG takeover offers, saying that the business had been undervalued.