Dáil Éireann Debate, Tuesday - 16 October 2012
730. Deputy Terence Flanagan asked the Minister for Transport, Tourism and Sport if he will respond to the following query regarding Ryanair's bid for Aer Lingus (details supplied); and if he will make a statement on the matter. [44661/12]
Amharc ar fhreagraUnder Irish Takeover Panels rules, Ryanair's recent takeover Offer for Aer Lingus has lapsed and is no longer capable of completion following the European Commission's decision to undertake an in-depth examination (a Phase II examination) of the offer under EU merger control rules.
The Commission announced its decision to undertake an in-depth examination of the Offer on 29th August as its initial Phase I examination indicated potential competition concerns. As a Phase II examination was announced before the closing date for the Offer, the Offer automatically lapsed under Irish Takeover Panel Rules and cannot now be completed. The preliminary date for a Decision by the EU Commission for completion of its Phase II examination is 14 January 2013.
