Ryanair's challenge against the initial CMA decision was dismissed in February 2015. Ryanair then argued that the CMA has no longer the power to impose a disinvestment remedy, and that protest has been dismissed today. Every decision is provisional untill the final verdict, but it seems that the final decision will not differ much from the initial decision that Ryanair will have to reduce its 29,8% stake into 5%.airazurxtror wrote:The provisional decision announced by the CMA on Friday upheld a previous ruling, which directed the airline to offload most of its stake because of competition.
Fact is that it is not about "competition", but about unfair competition and/or market disturbing competition. Regarding this, the CMA states in today's decision: “As the decisions in our report made clear, without any action to reduce its shareholding, Ryanair would remain a significant hurdle to any merger because it has an incentive as a competitor of Aer Lingus and, by its shareholding, the ability to hinder Aer Lingus from implementing its own commercial strategy".
And at IAG and at Aer Lingus, they call it manifestly correct".airazurxtror wrote:Ryanair described the CMA’s provisional decision as “manifestly wrong.”