26th Mar 2015 06:49
LONDON (Alliance News) - Etihad Airways has said it will sell its stake in Aer Lingus Group PLC should the Irish government back the EUR1.35 billion takeover bid for the carrier from International Consolidated Airlines Group, the Financial Times reported on Wednesday.
Etihad is the third largest shareholder in Aer Lingus with a 4.9% stake.
"Our investment in Aer Lingus has been a sound one and we are heading for a great return if the IAG bid is approved by the Irish government," said Etihad Airways Chief Executive James Hogan. "If IAG are successful, I would expect us to divest."
http://www.ft.com/cms/s/0/b2a2dd34-d311-11e4-9b0a-00144feab7de.html#axzz3VTI80Bbl
By Sam Unsted; [email protected]; @SamUAtAlliance
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