June 8, 2018 / 9:11 AM / a year ago

EU regulators to rule on Ryanair, Laudamotion deal by July 12

FILE PHOTO: A Ryanair logo is seen on a wing of a passenger aircraft travelling from Madrid International Airport to Bergamo Airport, Italy, January 14, 2018. Picture taken January 14, 2018. REUTERS/Stefano Rellandini

BRUSSELS (Reuters) - EU antitrust regulators will decide by July 12 whether to wave through Irish budget airline Ryanair’s (RYA.I) bid for a 75 percent stake in the rebranded former Niki airline Laudamotion, a filing on the European Commission site showed on Friday.

Europe’s largest budget airline formally sought approval for the deal on Thursday as it moves to consolidate its foothold in Austria, a fast-growing hub for eastern European destinations.

The EU competition enforcer can clear the deal with or without conditions or it can open a four-month investigation if it has serious concerns the deal may hurt competition.

Reporting by Foo Yun Chee; Editing by Mark Potter

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