14th Jan 2015 06:39
LONDON (Alliance News) - Ryanair Holdings PLC has put more pressure on Aer Lingus Group PLC to accept a bid from International Consolidated Airlines Group PLC after it speculated that the owner of British Airways and Iberia may return with a higher offer later this week, The Times reported on Tuesday.
Ryanair, which is the largest shareholder in Aer Lingus with a 29% stake, said IAG may have to put an offer of EUR2.50 to EUR2.70 per share on the table in order to win control of Aer Lingus. Its shares closed in London on Tuesday at EUR2.46 per share.
Kenny Jacobs, Ryanair's chief marketing officer, said at a meeting on Tuesday that it has not held talks with IAG and held no particular concerns about the company taking control of the Irish flag carrier.
http://www.thetimes.co.uk/tto/business/industries/transport/article4322443.ece
By Sam Unsted; [email protected]; @SamUAtAlliance
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