Ryanair buys 3.5m Aer Lingus shares and raises stake to 29.82%

RYANAIR has increased to 29.82% its shareholding in Aer Lingus.

The budget airline, which had a 29.4% slice of the former national carrier, announced yesterday that it had acquired 3,500,000 ordinary shares of nominal value, 0.05 each, in the Aer Lingus Group.

This brings the holding of Ryanair in Aer Lingus to 159,231,025 ordinary shares representing 29.82% of the issued share capital.