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Aircraft and finance. Vueling board asks shareholders to reject IAG's proposal

Madrid, Spain - The initial offer (7 Euro per share) is now lower than the market value

Vueling's board of directors recommended its shareholders to reject the takeover offer presented by IAG (International Airlines Group, the holding which includes British Airways and Iberia), since it is considered too low if compared with the actual value of the low-cost carrier. Through Iberia, IAG already owns 45.85% of Vueling: the remaining (54.15%) is 13% owned by Spanish investors, 23% is...

AVIONEWS - World Aeronautical Press Agency - 1150393
Rome, Italy, 03/08/2013 11:43
AVIONEWS - World Aeronautical Press Agency

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