The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

IAG's offer for Aer Lingus 'not persuasive' enough, says Irish minister

Fri, 20th Feb 2015 15:24

International Consolidated Airlines' (IAG) offer to buy a 25% stake in Aer Lingus was not persuasive enough, according to a senior Irish government minister.The Irish carrier's board recommended the £976m offer from IAG subject to government's approval, but the development has been met by staunch political opposition."It is up to IAG to make an offer that is persuasive in relation to the public interest here. And as of yet we don't have an offer that is persuasive enough," agriculture minister Simon Coveney said in an interview with Newstalk Radio on Friday.Earlier in February, an Irish parliamentary committee was told by IAG chief executive Willie Walsh that the consortium would not improve its offer.Aer Lingus shares were down 2.11% to €2.20 at 15:45 on Friday.

Related Shares

More News
16 May 2024 06:00

How easyJet's bet on holidays paid off

LONDON, May 16 (Reuters) - EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors sa...

14 May 2024 06:27

UK ministers, companies visit Saudi Arabia to boost trade ties

(Alliance News) - UK Cabinet ministers are visiting Saudi Arabia in a bid to bolster trade links with the kingdom amid reports that Riyadh authorised ...

13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning ...

13 May 2024 12:01

LONDON MARKET MIDDAY: Stocks flat as IPO chat brightens up subdued day

(Alliance News) - Stocks in London marked time on Monday, consolidating recent gains, ahead of a key week of US economic data.

13 May 2024 09:03

JPMorgan sees further upside at IAG despite recent rally

(Sharecast News) - British Airways owner IAG's stock was making gains on Monday following positive comments from JPMorgan, which said that earnings mo...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.