Originally Posted by
ByrdluvsAWACO
Well lets not get ahead of ourselves. The journey to EI rejoining OW is only half complete.
The problem now becomes FR. Since Walsh made the deal contingent on both the govt and FR selling their shares, he empowered MOL. Of course MOL is now playing his little games trying to avoid the UK CMA ruling forcing him to sell down FR's shareholding.
We'll see his true intent when IAG officially presents the offer to FR's board.
If a deal is reached for both govt and FR shares of EI, I wonder if EI will become a OW member this year or in 2016?
I don't think FR will be an issue. MOL will do his usual posturing for effect but he has been told he has to sell, he cant sell to anyone else (AF/LH are in no position to buy, and in practice he cant sell to anyone outside the EU) and he knows the IAG offer is the best he's likely to get on a stake he effectively wrote off already.