The UK Competition Commission required Ryanair to sell down its 29.8% stake in Aer Lingus to 5% following an in-depth investigation that considered various ways in which Ryanair’s minority shareholding could serve to weaken Aer Lingus’s effectiveness as a competitor. CRA advised Aer Lingus throughout the process.
The Role of Uncertainty in the Future European Horizontal Merger Guidelines: Lessons Learned From Illumina/GRAIL
Under these circumstances, it is however not entirely clear how the future competitive landscape will look like, merger effects cannot be modelled with a high...