Ryanair Holdings Plc is still required to reduce its stake in Aer Lingus Group Plc to no more than 5 percent, British competition authorities said.
“There is no material change in circumstances or special reason for it not to require Ryanair to reduce its shareholding,” the Competition and Markets Authority said in a statement today. The CMA said it would ensure the ruling “interacts effectively,” with the proposed takeover of Aer Lingus by British Airways owner IAG SA and any assessment off that bid by European regulators.
The competition regulator ruled in April that Ryanair’s
29.8 percent stake in Aer Lingus gave it too much control over its primary rival in Ireland.