Ryanair ordered to reduce stake in Aer Lingus - .PDF file.
Ryanair has been told to reduce its 29.8 per cent stake in Aer Lingus to just five per cent and has also been restricted from seeking or accepting board representation in the Irish national flag carrier after a ruling from the UK Competition Commission.
The aim of the ruling is to protect competition on UK-Ireland routes, with the Competition Commission being concerned in particular that Ryanair’s minority shareholding in Aer Lingus could impede or prevent its fellow Dublin-based airline from being acquired by or merging with another airline, as well as having an ongoing detrimental affect on Aer Lingus’s commercial policy and strategy…
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