Ryanair today confirmed that, as part of its ongoing remedies discussions with the UK Competition Commission, it has now offered the following undertaking to the CC: “Ryanair will undertake to unconditionally sell its 29% shareholding to any other EU airline that makes an offer for Aer Lingus and obtains acceptances from 50.1% of Aer Lingus shareholders.”
This undertaking came along with the usual Ryanair rants, including: “The above remedy is without prejudice to Ryanair’s vehement objection to the CC’s manifestly false conclusion that Ryanair has influence over Aer Lingus’ commercial strategy and/or that Ryanair’s 6½ year old minority shareholding in Aer Lingus has resulted in a lessening of competition.”