EU to probe Ryanair's Aer Lingus takeover bid

EU regulators today launched an in-depth probe into Ryanair Holdings plc’s hostile bid for Aer Lingus plc, delaying any deal by months.

EU to probe Ryanair's Aer Lingus takeover bid
Wed, 20 Dec, 2006 - 19:13

EU regulators today launched an in-depth probe into Ryanair Holdings plc’s hostile bid for Aer Lingus plc, delaying any deal by months.

The European Commission said it saw “serious competition concerns” with the deal combining Ireland’s two largest airlines, saying it could reduce customer choice for consumers and hike fares.

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