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Aer Lingus shareholders weigh in behind IAG takeover

Aer Lingus shareholders have voted overwhelmingly in favour of motions supporting IAG's proposed takeover of the Irish flag carrier.

Four resolutions were tabled at an extraordinary general meeting today, and in each case more than 99% of votes were in favour. The resolutions combine to redesignate the Irish minister of finance's single share in the airline as a B share and to endorse connectivity commitments negotiated to meet Irish takeover rules.

IAG has welcomed the result, noting that its offer was conditional on the resolutions passing.

The British Airways, Iberia and Vueling parent adds that it has received notice that the US Department of Justice's review of the offer "has been satisfactorily concluded", meeting another condition.

However, further procedural steps must be completed before the deal is finalised, IAG's statement indicates: the group says the offer "remains subject to the conditions outlined in Appendix I of the offer document that have not already been satisfied".

Backing from the shareholders, which include the Irish government and Ryanair, comes two days after the European Commission conditionally approved the deal.

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