Aer Lingus to accept latest takeover bid by International Airlines Group (IAG) – TheLiberal.ie – Our News, Your Views

Aer Lingus to accept latest takeover bid by International Airlines Group (IAG)




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The Irish flagship carrier is reportedly prepared to accept the latest takeover bid from British Airways and Iberia owner IAG.

It is understood that IAG has offered €2.50 a share, thus putting a value to Aer Lingus of around €1.3bn.

The Aer Lingus board had rejected two other takeover bids in the last few weeks. The deals on offer then were worth €2.30 and €2.40 a share, respectively.

The Irish Government owns a 25.1% stake in Aer Lingus, while Ryanair owns 29.9%.

The companies involved will reportedly make a detailed statement on Monday.

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