Advertisement
Singapore markets close in 43 minutes

  • Straits Times Index

    3,278.13
    -9.62 (-0.29%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,675.82
    +391.28 (+2.26%)
     

  • FTSE 100

    8,117.78
    +38.92 (+0.48%)
     

  • Bitcoin USD

    64,427.80
    +356.75 (+0.56%)
     

  • CMC Crypto 200

    1,387.54
    -9.00 (-0.64%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,359.20
    +16.70 (+0.71%)
     

  • Crude Oil

    84.01
    +0.44 (+0.53%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,574.35
    +5.10 (+0.33%)
     

  • Jakarta Composite Index

    7,059.41
    -95.88 (-1.34%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

IAG says will not increase Aer Lingus share price offer

Reuters

DUBLIN (Reuters) - The chief executive of British Airways owner IAG (ICAG.L) on Wednesday ruled out any increase in the price offered for Aer Lingus (AERL.I) shares to convince 30-percent shareholder Ryanair (RYA.I) to back the deal.

"The offer we have made is the limit which we are prepared to offer," International Airlines Group CEO Willie Walsh told a news conference when asked if Ryanair might demand that IAG increase its bid of 2.55 euros per share.

He added that no bilateral talks with Ryanair are expected and that discussion of route planning between IAG and Ryanair would not be allowed under competition rules.

"We will issue a formal issue offer document within 28 days. We are not anticipating any bilateral discussions" with Ryanair, Walsh said.

(Reporting by Conor Humphries; editing by Jason Neely)