European Commission to announce decision on Ryanair bid

The European Commission will announce its decision today on Ryanair's third bid for Aer Lingus today.

It is expected the EC will reject Micheal O'Leary's €694m bid.

Ryanair said earlier this month that its information suggested the EU was planning to block its takeover attempt for the airline, in which it holds a nearly 30% stake.

Ryanair is likely to appeal today's decision, if it does not go their way.