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IAG set to complete takeover of Aer Lingus and gain use of Dublin airport
IAG is set to complete its takeover of Aer Lingus after Ryanair said it would accept the offer and the British Airways-owner would gain conditional EU approval, Reuters reported.
IAG's plan to buy Aer Lingus and build a new transatlantic hub at Dublin airport depended on agreement from Ryanair, which holds a 30 per cent of Aer Lingus, and the Irish government, which agreed to sell its 25 per cent.
The next step is gaining European Union antitrust approval for the EUR1.3 billion (US$1.5 billion) bid after improving concessions to ease competition worries, a person familiar with the matter said.
IAG's plan to buy Aer Lingus and build a new transatlantic hub at Dublin airport depended on agreement from Ryanair, which holds a 30 per cent of Aer Lingus, and the Irish government, which agreed to sell its 25 per cent.
The next step is gaining European Union antitrust approval for the EUR1.3 billion (US$1.5 billion) bid after improving concessions to ease competition worries, a person familiar with the matter said.
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