International Airlines Group (IAGâ€™s) has increased and revised its offer to purchase Barcelona-based Vueling Airlines. The new bid increases IAGâ€™s offer to â‚¬9.25 ($11.86) a share from â‚¬7 and revises the minimum purchase requirement from 90% of Vuelingâ€™s voting stock not currently owned by IAGâ€™s Iberia operation to 4.16%. If accepted by Vuelingâ€™s board of directors, this minimum requirement would give IAG a 50.01% stake in Vueling. That same board earlier this month rejected IAGâ€™s ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "IAG Increases Price Offered For Majority Stake In Spainâ€™s Vueling".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.