Ryanair Linked With Air Berlin Stake Bid
July 7, 2007
SHARES in German airline Air Berlin soared yesterday on rumours that Ryanair may be interested in buying a stake in the budget flyer.
Just after midday, shares in SDAX-listed Air Berlin were 60c or 3.73pc higher at 16.70.
In Dublin, shares in Ryanair were up 5c to E5.15.
Several Frankfurt-based traders said they had heard rumours about Ryanair buying an estimated 10.7pc stake from Deutsche Bank.
One trader said he had heard Ryanair was interested in a takeover of Air Berlin.
However, other industry sources played down the rumours, doubting whether the Irish airline was interested in buying the 10.7 per cent stake.
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