International Airlines Group (IAG) will make a takeover offer to acquire a 100% stake in Barcelona-based, low-fare airline Vueling. IAG is offering €7 ($8.90) per share in the planned transaction and would spend €113 million for the 54% stake not currently held by IAG subsidiary Iberia. The offer is expected to be made in the first quarter of 2013 and the deal is scheduled to close in the second quarter, says IAG. The decision comes one day before IAG’s capital markets day and ...
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