![]() ![]() “This offer is, we believe, the best way for Aer Lingus to continue to be owned, controlled and managed from Ireland for the benefit of Irish citizens and visitors. Michael O'Leary, chief executive of Ryanair, said: "This 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. Ryanair's new bid comes just days after the UK’s Office of Fair Trading asked the Competition Commission to investigate the airline’s existing stake in Aer Lingus. Ryanair first took a minority shareholding in Aer Lingus in 2006 and launched a bid to take over the carrier during that year but the European Commission decided to ban the bid in 2007. Although Aer Lingus' share price rose by around 25 per cent to €1.15 in early trading today on the London Stock Exchange. ![]() The no-frills carrier, which already owns 29.8 per cent of Aer Lingus, is offering €1.30 per share, which is 38 per cent higher than Aer Lingus’ share price of €0.94 at the close of trading yesterday. Ryanair has launched another attempt to buy its Irish rival Aer Lingus with the tabling of a new €694 million bid. ![]()
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