Aer Rianta International Cpt conditionally agreed to acquire remaining 50% stake in CTC-ARI Airports Limited from Ermes Department Stores Plc (CSE:ERME) for €54 million in cash on May 30, 2014. CTC-ARI had a turnover of €88 million for the year ended December 31, 2013. Aer Rianta International expects the acquisition to be earnings accretive for Dublin Airport Authority Group from completion. Leo Casey of IBI Corporate Finance acted as financial advisor for Aer Rianta.

Aer Rianta International Cpt completed the acquisition of remaining 50% stake in CTC-ARI Airports Limited from Ermes Department Stores Plc (CSE:ERME) on June 30, 2014.