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Ryaniar in new bid to secure Aer Lingus deal

Ryanair has made new proposals to European competition regulators in a bid to purchase Aer Lingus at the third attempt.

10 December 2012

Posted by Edel Quinn

Ryanair has made new offers of concessions to European Union competition regulators as it seeks to complete the acquisition of rival Aer Lingus.

The firm is making its third attempt to purchase its fellow Irish airline and the European Commission has extended its review period by 15 days, with a final decision now due on February 27th.

New concessions in the packages to be considered will come in addition to plans already announced to axe some routes flown from Dublin by Ryanair and Aer Lingus at present.

Ryanair had its first Aer Lingus bid blocked by the Commission in 2007 and the budget airline withdrew its second attempt in 2009.

The help of Merger and acquisition consultants may prove invaluable to companies whose deals might require tweaking in order to ensure they are not blocked by regulators.

Commissioners recently passed the merger of Xstrata and Glencore on condition that Glencoe ends its one-off arrangements with Nyrstar for zinc in the European Economic Area and divests its Nyrstar holding.

These were aimed at preventing an anticompetitive zinc market.

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