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EU unconditionally approves Ryanair purchase of LaudaMotion

Reuters  |  BRUSSELS 

BRUSSELS (Reuters) - The European Commission said on Thursday that it had approved Ryanair's planned acquisition of LaudaMotion without conditions."The Commission concluded that the transaction would raise no competition concerns in the European Economic Area," it said in a statement.LaudaMotion is the company through which former motor racing champion Niki Lauda re-acquired in January 2018 the assets of NIKI, the leisure air carrier he founded in 2003 and which was later integrated into Air Berlin.Ryanair agreed in March to buy a majority stake in the new Austrian leisure airline in a major ...

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First Published: Fri, July 13 2018. 06:32 IST