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.
Assessing umbrella pricing incentives
When collusive agreements involve a subset of firms in an industry, they may create the incentive and ability for firms that are not participants in the cartel...