McCann FitzGerald advises Irish Government on IAG’s recommended cash offer for Aer Lingus

McCann FitzGerald has acted as legal adviser to NewERA and the inter-Departmental Steering Group established at the request of the Minister for Transport, Tourism and Sport of Ireland to review the potential sale of the Irish State’s 25.1% shareholding in Aer Lingus Group plc in the context of an offer for Aer Lingus by International Consolidated Airlines Group S.A. (“IAG”).

IAG and Aer Lingus have announced a recommended cash offer for Aer Lingus at €2.50 per share with payment of a cash dividend of €0.05 per share. The offer values Aer Lingus’ entire issued and to be issued ordinary share capital at approximately €1.4 billion.