Vueling approva l'offerta di IAG

[Greco]

http://buyingbusinesstravel.com/news/2720510-iag-increases-its-offer-vueling

British Airways’ owner IAG has increased its offer for Spanish carrier Vueling by 32 per cent.

IAG made a €113 million bid for Vueling in November but the airline’s board recommended that the bid should be rejected for being too low.

IAG, which already has a 45.85 per cent shareholding in Vueling, has today (March 27) increased its offer from €7 per share to €9.25 per share. Trading of shares in Vueling were earlier suspended in Spain.

The company said it would also now change the minimum acceptance level from the previous terms of 90 per cent of Vueling’s other shareholders to just 4.16 per cent of all shareholders, which would give IAG a controlling stake of 50.01 per cent.

If the intended purchase, which is being made through IAG’s investment vehicle Veloz Holdo, goes ahead, IAG plans to continue running Vueling as a separate brand and will not integrate it into Iberia.

Earlier today, IAG announced that Iberia's chief executive Rafael Sanchez-Lozano has left the airline.

vueling.com

 

[maclover]

Re: IAG aumenta la sua offera per Vueling

E l'offerta è stata accettata

http://news.airwise.com/story/view/1365552059.html

April 9, 2013

The board of Spanish low-cost airline Vueling has unanimously recommended shareholders accept an improved takeover offer of €9.25 (USD$12.10) per share from IAG.
IAG, which already owns 45.85 percent of Vueling as well as British Airways and Iberia, last month raised its bid by almost one third after the Barcelona-based carrier rejected a previous offer of €7 per share.
"The board of Vueling recommends shareholders to accept the improved offer for the following reasons: the price is reasonable and within the valuation issued by experts and from a strategic point of view the deeper integration of Vueling in IAG will offer advantages and opportunities," Vueling said in a notice sent to the stock exchange regulator.
IAG, which is trying to lay off more than 3,000 workers and cut salaries at Iberia to return the unit to profitability, could use Vueling to boost its short-haul business and compete with cheaper operators.

 

[Farfallina]

Ora per i sindacati Iberia sarà ancora più difficile visto che è già pronta l'eventuale new company.

 

[I-DADO]

Probabilmente è proprio LA new company.