Home > Home > British Airways parent gains full control of Spain’s Vueling for $160 million

British Airways parent gains full control of Spain’s Vueling for $160 million

04/26/2013| 11:43:23 AM| 中文

British Airways parent IAG SA acquired control of discount carrier Vueling Airlines SA for 123.5 million euros ($160 million) as Europe’s third largest airline group seeks to stem losses in Spain.

BY ROBERT WALL, BLOOMBERG

British Airways parent IAG SA acquired control of discount carrier Vueling Airlines SA for 123.5 million euros ($160 million) as Europe’s third largest airline group seeks to stem losses in Spain.

IAG, which already held a 45.85 percent stake in Barcelona- based Vueling, now owns 90.51 percent after the majority of remaining investors accepted its offer of 9.25 euros a share, the London-based company said today in a statement.

Read full story at: http://skift.com/2013/04/23/british-airways-parent-gains-control-of-spains-vueling-for-160-million/

TAGS: British Airways | Iberia | IAG | acquisition
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