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Ryanair and Aer Lingus to square up in London court /2014-11-17

Ryanair will go to court in London next week to persuade judges that it should be 
allowed to hold on to its near 30pc stake in Aer Lingus.
The UK Court of Appeal will be hearing the case and it will be another key milestone
 in Ryanair's seven-year battle with regulators in Britain and the European Commission 
over its efforts to buy its smaller rival.
Lawyers for Aer Lingus will also make a case in court in support of the UK Competition
and Markets Commission (CMC) ruling last year that Ryanair must sell virtually all its 
shares in the former state-owned airline.
That could leave Ryanair owning just 5pc of Aer Lingus, but it has already conceded 
that it no longer has any real interest in buying Aer Lingus.
The hearing next week is pencilled in for just five hours, but it's likely to take almost 
two days as the three sides make their arguments to three judges. While there's an 
outside chance that a ruling could be made before Christmas, it's more likely to be 
sometime in the New Year before the court makes its decision known. It could 
conceivably take five or six months for a ruling to be delivered.

Ryanair will go to court in London next week to persuade judges that it should be 

allowed to hold on to its near 30pc stake in Aer Lingus.

 

The UK Court of Appeal will be hearing the case and it will be another key milestone

in Ryanair's seven-year battle with regulators in Britain and the European Commission 

over its efforts to buy its smaller rival.

 

Lawyers for Aer Lingus will also make a case in court in support of the UK Competition

and Markets Commission (CMC) ruling last year that Ryanair must sell virtually all its 

shares in the former state-owned airline. That could leave Ryanair owning just 5pc of

Aer Lingus, but it has already conceded that it no longer has any real interest in buying 

Aer Lingus.

 

The hearing next week is pencilled in for just five hours, but it's likely to take almost 

two days as the three sides make their arguments to three judges. While there's an 

outside chance that a ruling could be made before Christmas, it's more likely to be 

sometime in the New Year before the court makes its decision known. It could 

conceivably take five or six months for a ruling to be delivered.