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/