IAG To Gain Majority Stake In Vueling As LCC’s Shareholders Approve Takeover

Vueling Airlines will become a subsidiary of International Airlines Group (IAG) after the majority of the Barcelona-based low-cost carrier’s shareholders accepted a revised takeover bid. The Vueling board of directors on April 9 approved IAG’s buy-out offer of €9.25 ($12) a share, which it said was...

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