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The European Commission has approved Ryanair's takeover of Austrian airline Laudamotion.
The European Commission (EC) has approved the takeover of the Austrian airline Laudamotion by the Irish airline Ryanair. The European Commission announced on Thursday, July 12, stating that it had given its approval without further conditions
"The European Commission has come to the conclusion that the transaction would not jeopardize the situation. competitive environment, "said the EC in a statement. should take 75% of the Austrian airline, which mainly provides flights from Germany, Austria and Switzerland to holiday destinations in the Mediterranean Sea and the Canary Islands. The Austrian company founded Niki in 2003 under the name of Niki Austrian entrepreneur and former Formula 1 driver Niki Lauda, who sold it to the German airline Air Berlin in 2011.
Lufthansa was interested [19659005] their Niki division was bought back in January of this year, through the new Laudamotion.
His boss Michael O 'Leary believes that the investment is the perfect way to develop in the market of the German-speaking countries currently dominated by the German airline Lufthansa
It is Lufthansa who, originally, wanted to buy Niki, the most lucrative asset of Air Berlin, but the European Commission did not agree. Lufthansa then gave up its offer at the end of last year
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