Ryanair withdraws EC notification over Aer Lingus bid

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Ryanair has formally withdrawn its notification to the European Commission regarding its previous intention to take over Aer Lingus.

It follows the budget airline's failure to secure acceptance of its bid from the Irish Government, a significant Aer Lingus shareholder.

European Commission merger and notification records today list the notification as withdrawn.

Ryanair had offered €1.40 per share for Aer Lingus, but this was rejected as undervaluing the company. Aer Lingus shares have since fallen back to around €1.13.