The UK Competition and Markets Authority (CMA), formerly known as the UK Competition Commission (UKCC), is standing by its decision ordering Ryanair to sell its 29.8% Aer Lingus stake down to 5%. In 2013, the UKCC ruled that Ryanair’s minority shareholding could reduce competition and deter potential Aer Lingus investors. Ryanair offered to sell its Aer Lingus stake to any carrier that acquires more than 50.1% of Aer Lingus’ shares, but the UKCC ordered the partial divestment ...

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