IAG will bid for Spanish low-cost airline Vueling

IAG bids for Vueling

International Airlines Group (IAG) has increased its takeover offer for Spanish budget airline Vueling.

The airline giant already owns a 45.85 per cent but is keen to push through a deal after having its previous bid rejected.

-- Advertisement --

IAG, who are the parent company of British Airways, has increased its offer from €7 a share to €9.25 a share, equivalent to an offer of €149 million. This puts the value of Vueling at €276 million.


Please enter your comment!
Please enter your name here