International Airlines Group (IAG) will make a takeover offer to acquire a 100% stake in Barcelona-based, low-fare airline Vueling. IAG is offering â‚¬7 ($8.90) per share in the planned transaction and would spend â‚¬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 IAGâ€™s capital markets day and ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Iberiaâ€™s Parent IAG Seeks Full Ownership Of Spanish Rival 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.