Dublin Government Clears Iag Offer For Aer Lingus Shares 2020
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IAG and Government ‘close’ to deal on Aer Lingus.

May 27, 2015 · Dublin government clears IAG offer for Aer Lingus shares.Paschal Donohoe, Ireland’s minister for transport, said IAG’s offer was “in the best interests of the travelling public, Aer Lingus and its employees, the Irish tourism industry and the Irish economy”. May 27, 2015 · Transport Minister Paschal Donohoe outlined the Government support for the €1.36bn deal last night, following Cabinet agreement-which will see the State offload its 25% shares in Aer Lingus. The. IAG has said its preliminary offer for Aer Lingus is conditional on irrevocable commitments from the Irish government, which has a 25.1 per cent stake in the Dublin-based carrier, and Ryanair, which owns close to 30 per cent. The takeover of Aer Lingus has aroused a good deal of political opposition. DUBLIN - The Irish government is to sell its 25-percent stake in flag carrier Aer Lingus to British Airways owner International Airlines Group, the transport minister said on Tuesday.

Under the terms of the approval, the merged IAG-Aer Lingus will have to offer for sale five London Gatwick slots. The commission has stipulated that whoever buys the slots, it will have to commit to use them for flights to Dublin and Belfast. On 26 May 2015, after months of negotiations on a possible IAG takeover, the Irish government agreed to sell its 25% stake in the company. Ryanair retained a 30% stake in Aer Lingus which it agreed to sell to IAG on 10 July 2015 for €2.55 per share. In August 2015, Aer Lingus' shareholders officially accepted IAG's takeover offer. May 27, 2015 · The Irish Government has agreed to sell all but one of its shares in Aer Lingus to the International Airlines Group IAG for €335 million. Paschal Donohoe TD, Minister for Transport, Tourism and Sport, said that the matter would be put to the Dail today Wednesday 27 th May and that the sale proceeds would be used for a new connectivity fund under the State’s Strategic Investment Fund. End of an era as airline waves goodbye to Irish ownership.They will be paid within 14 days of acceptance. “Aer Lingus shareholders who have not yet accepted the offer are encouraged to do so without delay,” IAG said. But there are still some steps remaining before Aer Lingus can claim to be owned by IAG. Aer Lingus takeover offer closes as airline joins IAG.IAG, headed by chief executive Willie Walsh, said that it has received acceptances in respect of 98.05pc of Aer Lingus shares for its takeover offer. Aer Lingus shares are expected to be delisted from the Dublin and London stock exchanges on September 17 - almost nine years to the day since the airline's flotation.

EU Clears IAG Aer Lingus Deal to Take Off Airways Magazine.

British Airways Executive Club - IAG bids for Aer Lingus - Originally Posted by zkzkz Once the rest of the industry consolidates and EI is left sitting on the sideline it won't be long before the government goes hat in hand to Ryanair begging them to buy out EI for much less than they offered today. Unless a new. Irish government rebuffs IAG bid for Aer Lingus.Mr Walsh had said that IAG’s approach for Aer Lingus was conditional on acceptances from the Irish government and Ryanair, the Dublin-based low-cost carrier which owns 30 per cent of its rival, after three failed attempts to buy it in the past decade. Jul 16, 2015 · THE IRISH Government will officially accept the IAG offer on its share in Aer Lingus, the Minister for Transport has confirmed. The news comes as Aer Lingus shareholders this morning officially cleared the way for the €1.4billion buyout at their EGM, while the European Commission gave the purchase the green light earlier in the week. May 26, 2015 · Government to support IAG's proposed takeover offer for Aer Lingus Updated / Tuesday, 26 May 2015 23:38 Paschal Donohoe said that after 'detailed consideration', it was agreed that the Government.

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