Ryanair Holdings Plc (“Ryanair”) and Aer Lingus Group plc (“Aer Lingus”) are Irish low-cost airline competitors that share more than 40 routes from and to Ireland. On 7 March 2014 in case 1219/4/8/13 Ryanair Holdings PLC v Competition Commission  CAT 3, the Competition Appeal Tribunal ("CAT" or "Tribunal") dismissed an appeal by Ryanair which challenged the competition Commission ("CC") decision to order divestiture of the 29.8% minority stake it holds in Aer Lingus down to 5% under the UK merger control regime. Background In October 2006 Ryanair made its first bid for the entire issued share capital of Aer Lingus. The European Commission (the "Commission") found Ryanair's existing 25.2% stake in Aer Lingus, which it had acquired immediately prior to and during the bid period, to
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