Press: EC to block Ryanair bid for Aer Lingus

The European Commission is almost certain to block Ryanair Holdings’ bid for Aer Lingus Group PLC later this month, according to a report. Brussels has found that a combination of Ryanair and Aer Lingus would undermine competition and harm consumers, the Financial Times said.

The commission has until July 4 to finalise its decision, but it has drafted and circulated a ruling to national competition regulators prohibiting the deal, the newspaper cited ‘several people familiar with the case’ as saying. The regulators have backed the commission’s findings and Brussels is expected to announce its decision on June 27, the FT said.